Credit Suisse to price contingent coupon autocallables tied to stocks

By Angela McDaniels

Tacoma, Wash., Feb. 27 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 5, 2018 linked to the common stock of Nvidia Corp. and the class A common stock of Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 12.05% per year unless either stock closes below its barrier level, 70% of its initial share price, on the observation date for that month.

Beginning May 31, the notes will be automatically 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 either stock finishes below its barrier level, in which case the payout will be a number of shares of the lesser-performing stock equal to $1,000 divided by the initial share price of that stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Feb. 28.

The Cusip number is 22549JEX4.

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