Credit Suisse plans autocallable yield notes on Stoxx 50, Utilities ETF

By Marisa Wong

Morgantown, W.Va., March 22 – Credit Suisse AG, London Branch plans to price 6.2% autocallable yield notes due Sept. 30, 2019 linked to the worse performing of the Euro Stoxx 50 index and the Utilities Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be called at par if both underlying assets close at or above their initial values on any quarterly call observation date after six months.

The payout at maturity will be par unless either underlying asset closes below its 60% knock-in level on any day during the life of the notes and either underlying asset finishes below its initial value, in which case investors will be fully exposed to the decline of the worse performing asset.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 23.

The Cusip number is 22550WLP0.

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