Credit Suisse plans autocallable notes tied to S&P 500, Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Dec. 19 - Credit Suisse AG plans to price autocallable securities due Dec. 27, 2016 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized redemption premium of 13.4% if the price of each underlying index is at or above its trigger level on any annual review date. The trigger level is expected to be 100% of the initial level.

If the notes are not called, the payout at maturity will be par unless either underlying index closes below 75% of its initial price on the Dec. 21, 2016 final valuation date, in which case investors will be fully exposed to the decline of the least-performing index.

The exact terms will be set at pricing.

The notes (Cusip: 22547QF50) are expected to price Dec. 23 and settle Dec. 27.

Barclays will act as agent.

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