Credit Suisse plans contingent coupon autocallable notes on three stocks

By Tali Rackner

Minneapolis, April 21 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due April 29, 2019 linked to the lowest performing of the common stock of E*Trade Financial Corp., Halliburton Co. and United Continental Holdings., Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9% to 10% if each stock closes at or above its coupon barrier level, 50% of its initial level, on the observation date for that month. The exact coupon will be set at pricing.

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

The payout at maturity will be par unless either stock closes below its 50% knock-in level during the life of the notes, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 24 and settle on April 27.

The Cusip number is 22548QZE8.

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