Credit Suisse plans autocallable securities on S&P 500, Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., March 9 – Credit Suisse AG, London branch plans to price autocallable securities due March 25, 2020 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 14% to 60% if the price of each underlying index is at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless either underlying index closes below 70% of its initial price, in which case investors will be fully exposed to the decline of the least-performing index.

The exact terms will be set at pricing.

Credit Suisse is the agent.

The notes (Cusip: 22546VYA8) are expected to price March 18 and settle March 28.

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