Credit Suisse plans 7% yield autocallables due 2018 tied to two indexes

By Susanna Moon

Chicago, April 28 – Credit Suisse AG, London branch plans to price 7% autocallable yield notes due Aug. 13, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if each index closes at or above its initial level on Nov. 8, 2017, Feb. 7, 2018 or May 9, 2018.

The payout at maturity will be par unless either index ever closes below its knock-in level, 67% of its initial level, during the life of the notes and finishes below its initial level, in which case investors will be fully exposed any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 9 and settle on May 12.

The Cusip number is 22550B2H5.

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