Credit Suisse to price contingent coupon autocallable yield notes on four stocks

By Sarah Lizee

Olympia, Wash., March 13 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 20, 2025 linked to the lowest performing of the stocks of Cisco Systems, Inc., Merck & Co., Inc., Pfizer Inc. and Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 11.75% if each stock closes at or above its barrier level, 60% of its initial level, on a related observation date.

The notes will be called at par plus the coupon if each stock closes at or above its initial level on any quarterly observation date starting Sept. 16.

The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case the payout will be par plus the return of the least performing stock with full exposure to losses.

Incapital LLC is the agent.

The notes will price on March 17.

The Cusip number is 22551NUV6.

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