Credit Suisse plans 15% autocallable yield notes tied to four stocks

By Wendy Van Sickle

Columbus, Ohio, July 8 – Credit Suisse AG, London Branch plans to price 15% autocallable yield notes due July 19, 2017 linked to the common stocks of Philip Morris International Inc., Sturm, Ruger & Co., Inc., Constellation Brands, Inc. and Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at a rate of 15% a year.

The notes will be automatically redeemed at par plus the contingent coupon if each stock closes at or above its initial level on any monthly observation date beginning Oct. 14.

The payout at maturity will be par unless any stock closes below its knock-in level, 70% of its initial level, in which case investors will receive shares of the least performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price July 14 and settle July 19.

The Cusip number is 22549JAV2.

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