Credit Suisse plans contingent coupon autocallables linked to Gilead

By Susanna Moon

Chicago, Feb. 9 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 1, 2017 linked to Gilead Sciences, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 10% if Gilead shares close at or above its coupon barrier level, 64% of the initial level, on the observation date for that quarter.

The payout at maturity will be par unless the stock finishes below its 64% knock-in level, in which case investors will be fully exposed to the decline.

The notes will be called at par if Gilead stock closes at or above its initial level on any observation date.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes are expected to price on Feb. 12 and settle on Feb. 18.

The Cusip number is 22546VWW2.

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