Credit Suisse plans high/low coupon autocallables tied to two indexes

By Tali Rackner

Norfolk, Va., Jan. 11 – Credit Suisse AG, London Branch plans to price high/low coupon autocallable yield notes due July 23, 2018 linked to the lowest performing of the Russell 2000 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 a rate of at least 7.2% per year unless either index closes below its 70% coupon barrier on a quarterly observation date, in which case the interest rate for that quarter will be 1% per year.

The notes will be automatically called at par if both indexes close at or above their initial levels on any quarterly observation date.

The payout at maturity will be par unless either index finishes below its 65% knock-in level, in which case the payout will be par plus the return of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 18 and settle on Jan. 23.

The Cusip number is 22548QST3.

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