Credit Suisse plans contingent coupon autocallable notes tied to Wynn

By Marisa Wong

Madison, Wis., July 6 – Credit Suisse AG plans to price contingent coupon autocallable yield notes due July 14, 2016 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 9.65% to 10.65% if Wynn stock closes at or above the barrier price, 70% of the initial price, on the valuation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if Wynn shares close at or above the initial share price on any quarterly valuation date.

If the final share price is greater than the 70% knock-in price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will receive par plus the stock return, with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

The note will price July 9 and settle July 14.

The Cusip number is 22546VGS9.

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