Credit Suisse to price contingent income autocallables linked to HP

By Angela McDaniels

Tacoma, Wash., Oct. 28 – Credit Suisse AG plans to price autocallable contingent income securities due Nov. 9, 2017 linked to the common stock of HP Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 11% per year if the stock closes at or above its knock-in level, 75% of its initial share price, on the observation date for that quarter.

The notes will be automatically called at par of $10 plus the contingent coupon if the stock closes at or above its initial share price on any quarterly observation date.

If the stock finishes at or above its knock-in level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be fully exposed to the stock’s decline from its initial share price.

Credit Suisse Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is acting as distributor.

The notes will price Nov. 4.

The Cusip number is 22548T505.

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