Credit Suisse plans contingent coupon autocallable yield notes on Disney

By Wendy Van Sickle

Columbus, Ohio, Oct. 12 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Oct. 26, 2017 linked to the common stock of the Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon of 5.5% to 7.5%% a year if Disney closes at or above its barrier level, roughly 80% of the initial level, on the observation date for that quarter.

The payout at maturity will be par unless Disney closes below its 80% knock-in level any day during the life of the notes and finishes below its initial level, in which case investors will be fully exposed to the decline.

The notes will be automatically called at par if Disney closes at or above its initial level on any quarterly trigger observation date.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 21.

The Cusip number is 22549JCN8.

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