Credit Suisse plans trigger autocallables tied to S&P 500, Stoxx 50

New York, April 10 – Credit Suisse AG, London Branch plans to price 7% to 8% trigger autocallable contingent yield notes due April 19, 2028 linked to the least performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon of 7% to 8% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The contingent coupon rate will be set at pricing.

After one year, the notes will be automatically called at par of $10 if the closing level of each index on the quarterly observation date is greater than or equal to its initial level.

If the notes are not called and each index finishes at or above its downside threshold, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. will act as distributor.

The notes will price on April 13 and settle on April 18.

The Cusip number is 22549M244.

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