Credit Suisse eyes contingent coupon autocallable yield notes on S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, March 14 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due June 29, 2020 linked to the lowest performing of 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 pay a monthly coupon at an annualized rate of 6% if each index closes at or above its coupon barrier level, 70% of its initial level, on a related observation date.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly call observation date beginning Sept. 25.

The payout at maturity will be par unless either index finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 26.

The Cusip number is 22552F3E0.

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