Credit Suisse plans contingent coupon autocallables linked to stocks

By Jennifer Chiou

New York, June 29 - Credit Suisse AG, Nassau Branch plans to price contingent coupon autocallable notes due July 20, 2015 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes Intel Corp., Amazon.com, Inc., Target Corp., Qualcomm Inc. and the American Depositary Shares of Vale, SA.

A knock-in event occurs if any stock closes below 50% of its initial share price on a quarterly valuation date.

Interest is payable quarterly and is expected to be 12% per year unless a knock-in event occurs, in which case there will be no interest for that quarter. The exact interest rate will be set at pricing.

The payout at maturity will be par unless the final price of any basket stock is less than 50% of its initial price, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by that stock's initial price.

If each stock closes at or above its initial price on a quarterly valuation date, the notes will be called at par.

The notes (Cusip: 22546TBP5) are expected to price on July 1 and settle on July 18.

Credit Suisse Securities (USA) LLC is the agent.

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