Credit Suisse plans autocallables tied to Russell 2000, Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 2 - Credit Suisse AG plans to price 0% autocallable securities due April 28, 2017 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Barclays is the agent.

The notes will be automatically called at par plus a premium if both indexes close at or above their trigger levels on any annual review date. The premium is expected to be at least 12.7% per year and will be set at pricing. The trigger level is expected to be 100% of the initial index level for the first review date, 95% of the initial level for the second review date and 90% of the initial level for the third review date.

The payout at maturity will be par unless either index finishes below its knock-in level, 80% of its initial level, in which case investors will be fully exposed to the decline of the lowest-performing index.

The notes are expected to price April 25 and settle April 30.

The Cusip number is 22547QLP9.

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