Credit Suisse plans 20.75% contingent coupon autocallables on stocks

New York, Nov. 3 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Nov. 18, 2019 linked to the lowest performing of the common stocks of Morgan Stanley, SVB Financial Group and Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 20.75% if each stock closes at or above its knock-in level, 70% of its initial level, on the observation date for that quarter.

The notes will be automatically called at par if each stock closes at or above its initial level on May 10, 2018, Aug. 10, 2018, Nov. 12, 2018, Feb. 12, 2019, May 10, 2019 and Aug. 12, 2019.

The payout at maturity will be par unless any stock finishes below its knock-in level in which case investors will receive par plus the return of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Nov. 10 and settle on Nov. 16.

The Cusip number is 22550BP80.

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