Credit Suisse plans 10%-11% contingent coupon autocallables on stocks

By Susanna Moon

Chicago, June 12 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due June 30, 2020 linked to the class A common stock of Visa Inc. and the common stocks of Apple Inc. and Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 10% to 11% if each stock closes at or above its 50% coupon barrier on the observation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly redemption date.

The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Incapital LLC is the agent.

The notes will price on June 27 and settle on June 30.

The Cusip number is 22550BA29.

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