Credit Suisse plans contingent coupon autocallables linked to stocks

By Susanna Moon

Chicago, June 16 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due June 22, 2017 linked to the common stocks of Capital One Financial Corp. and American Express Co. and the class A common stock of MasterCard 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 11% if each stock closes at or above its coupon barrier level, 70% of the initial level, on the observation date for that month.

The notes will be called if each stock closes at or above its initial level on any call date.

The payout at maturity will be par unless any stock ever closes below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 17 and settle on June 22.

The Cusip number is 22549JAM2.

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