Credit Suisse plans contingent coupon autocallables linked to Disney

By Wendy Van Sickle

Columbus, Ohio, Feb. 17 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 8, 2017 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate expected to be 13% if Disney stock closes at or above its barrier level, 80% of the initial level, on the observation date for that quarter.

The payout at maturity will be par unless the stock finishes below its 80% knock-in level, in which case investors will receive a number of Disney shares reflecting the decline from par.

The notes will be automatically callable at par if Disney closes at or above its initial level on any observation date.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes are expected to price on Feb. 19 and settle on Feb. 24.

The Cusip number is 22546VXA9.

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