Credit Suisse plans contingent coupon autocallable yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 10, 2018 linked to the least performing of the Russell 2000 index, 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 quarterly coupon at an annual rate of 7.5% to 8% if each index closes at or above 70% of its initial level on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date on or after March 6, 2017.

The payout at maturity will be par unless any index closes at or below its knock-in level, 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 6.

The Cusip number is 22548QGH2.

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