Credit Suisse plans contingent coupon autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., March 20 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 29, 2019 linked to the worst performing of the common stocks of JPMorgan Chase & Co., Netflix, Inc. and V.F. Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an expected rate of 18.75% per year if each stock closes at or above its barrier level, expected to be about 70% of the initial price, on a quarterly observation date. The exact coupon rate and barrier level will be set at pricing.

The notes will be called at par if each stock closes at or above its initial price on any quarterly trigger observation date.

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will lose 1% for each 1% decline of the worst performing stock from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price March 24.

The Cusip number is 22548QXS9.

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