Credit Suisse plans 8.5%-10.5% contingent coupon autocalls on SPDR S&P Biotech

By Susanna Moon

Chicago, Feb. 21 – Credit Suisse AG, London Branch plans to price autocallable contingent coupon notes due May 28, 2019 linked to the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.5% to 10.5% if the fund closes at or above its 70% coupon barrier on the review date for that month.

The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par unless the fund finishes below its 70% knock-in level, in which case investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 23.

The Cusip number is 22550WB97.

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