Credit Suisse to price trigger phoenix autocallables on Dunkin’ Brands

By Toni Weeks

San Luis Obispo, Calif., Nov. 5 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Nov. 15, 2019 linked to Dunkin’ Brands Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Dunkin’ Brands stock closes at or above the coupon barrier level – 69% to 74% of the initial price – on any monthly observation date, the notes will pay a contingent coupon at an annualized rate of 7% for that month.

If the shares close at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and Dunkin’ Brands shares finish at or above the 69% to 74% trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to losses.

The exact coupon barrier and trigger price will be set at pricing.

The notes (Cusip: 22547T365) are expected to price Nov. 7 and settle Nov. 13.

Credit Suisse Securities (USA) LLC is the underwriter with UBS Financial Services Inc. as the dealer.

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