Credit Suisse plans contingent coupon autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., March 21 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 27, 2020 linked to the least performing of the common stocks of Apple Inc., Microsoft Corp. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 20% if each stock closes at or above its 70% coupon barrier on the related quarterly observation date.

The notes will be called at par if each stock closes at or above its initial price on any quarterly review date.

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will be fully exposed to the decline of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 22.

The Cusip number is 22549JSL5.

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