Credit Suisse will price contingent coupon autocallables tied to BofA

By Devika Patel

Knoxville, Tenn., Feb. 8 – Credit Suisse AG, London Branch, plans to price contingent coupon autocallable yield notes due Feb. 28, 2018 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above its coupon barrier level, about 73% of its initial price, on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial price on May 25, 2017, Aug. 24, 2017 or Nov 22, 2017.

The payout at maturity will be par unless the stock finishes below its 73% knock-in level, in which case investors will lose 1% for each 1% decline from the initial stock price.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 22548QVB8) are expected to price Feb. 10 and settle Feb. 15.

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