Credit Suisse plans contingent coupon callable notes on five stocks

By Susanna Moon

Chicago, Oct. 21 - Credit Suisse AG, Nassau Branch plans to price contingent coupon autocallable notes due Nov. 3, 2014 based on a basket of five equally weighted stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are Amgen Inc., Comcast Corp., CVS Caremark Corp., Deere & Co. and Starbucks Corp.

The coupon will be 12% unless a knock-in event occurs, in which case there will be no interest for that quarter.

A knock-in event occurs if any stock closes below 50% of its initial share price on a quarterly observation date.

The payout at maturity will be par unless a knock-in event occurs, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price.

If each stock closes at or above 90% of its initial level on a quarterly observation date, the notes will be called at par plus accrued interest.

The notes are expected to price on Oct. 22 and settle on Nov. 5.

Credit Suisse Securities (USA) LLC is the underwriter.

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