Credit Suisse plans to price autocallable securities on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 22 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Sept. 30, 2020 linked to the S&P 500 index and the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset closes at or above its initial level on an annual observation date, the notes will be called at par plus an automatic redemption premium expected to be 17.5% a year.

If each asset finishes at or above its initial level, the payout at maturity will be par plus a contingent maximum return of 47%.

If either asset finishes below its initial level but neither index falls by 30% or more, the payout will be par plus 10%.

If either asset finishes at or below the 70% knock-in level, investors will be fully exposed to the decline of the lesser performing asset.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 23 and settle on Sept. 30.

The Cusip number is 22548QHV0.

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