Credit Suisse plans contingent coupon autocallable yield notes on Anheuser-Busch

By Tali Rackner

Minneapolis, Aug. 17 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 5, 2018 linked to the American Depositary Shares of Anheuser-Busch InBev SA/NV, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter the notes will pay a contingent coupon at an annual rate of 8.5% if the shares close at or above the coupon barrier, 80% of the initial level, for that quarter.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial level on Nov. 30, March 1, 2018 or May 31, 2018.

The payout at maturity will be par unless the shares finish below the knock-in level, 80% of the initial share price, in which case investors will lose 1% for each 1% decline in the stock from its initial level.

JPMorgan is the agent.

The notes will price on Aug. 18 and settle on Aug. 23.

The Cusip number is 22550BFK4.

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