Credit Suisse plans contingent coupon autocallables tied to two stocks

By Marisa Wong

Morgantown, W.Va., Oct. 13 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Oct. 19, 2017 linked to the common stock of Twitter, Inc. and the American Depositary Shares of GW Pharmaceuticals plc, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of 21% if each stock closes at or above its barrier level, 60% of its initial share price, on the observation date for that month.

Beginning in January, the notes will be called at par if each stock closes at or above its initial share price on any monthly observation date.

The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by that stock’s initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 14.

The Cusip number is 22549JCS7.

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