Credit Suisse to price contingent coupon autocallables on BofA

By Marisa Wong

Morgantown, W.Va., March 15 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due April 3, 2019 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, 77.95% of its initial price, on the related quarterly observation date.

The notes will be called at par if the stock closes at or above its initial price on any quarterly observation date other than the final one.

The payout at maturity will be par unless the stock finishes below the 77.95% downside threshold, in which case investors will lose 1% for each 1% share price decline.

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

The notes will price on March 16.

The Cusip number is 22550WJV0.

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