Credit Suisse eyes autocallable contingent income notes on Dollar Tree

By Sarah Lizee

Olympia, Wash., Jan. 13 – Credit Suisse AG, London Branch plans to price autocallable contingent income securities due April 20, 2022 linked to the common stock of Dollar Tree, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a contingent coupon at the rate of 11% per year if the stock closes at or above its downside threshold level, 80% of its initial share price, on every trading day during that month.

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

If the stock finishes at or above the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial share price.

Credit Suisse Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC is acting as distributor.

The notes will price on Jan. 14.

The Cusip number is 22550N180.

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