Credit Suisse to sell autocallable yield notes linked to three stocks

By Devika Patel

Knoxville, Tenn., April 10 – Credit Suisse AG, London Branch, plans to price autocallable yield notes due April 18, 2018 linked to the common stocks of lululemon athletica inc., L Brands, Inc. and Kohl’s Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay monthly coupon at an annualized rate of 15.75%.

The notes will be called at par if each stock closes at or above its initial level on any coupon payment date beginning July 13, 2017 and ending on March 14, 2018.

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will receive a number of shares of the worst performing stock equal to the principal divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22549JFZ8) are expected to price April 13 and settle April 18.

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