Credit Suisse plans contingent coupon autocallables tied to three stocks

By Susanna Moon

Chicago, Feb. 21 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Feb. 28, 2019 linked to the common stocks of Boeing Co., Chevron Corp. and Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 9% to 10% if each stock closes above its coupon barrier level, 60% of its initial level, on the observation date for that month.

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

The payout at maturity will be par plus unless any stock closes below its 60% knock-in level, in which case investors will receive a number of shares of the worst performing stock equal to $1,000 divided by the initial share price.

Incapital LLC is the placement agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The cusip number is 22548QUR4.

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