Credit Suisse to price contingent income autocalls tied to JD.com

By Wendy Van Sickle

Columbus, Ohio, March 11 – Credit Suisse AG, London Branch plans to price contingent income autocallable securities due March 19, 2020 linked to JD.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 11.25% if the stock closes at or above the 60% downside threshold on the determination date for that quarter.

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

The payout at maturity will be par unless the stock finishes below its 60% downside threshold, in which case investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the underwriter. Morgan Stanley Smith Barney LLC is distributor.

The notes will price on March 15.

The Cusip number is 22549Y826.

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