Credit Suisse plans 0% four-year autocalls tied to Stoxx 50, Russell

By Susanna Moon

Chicago, Nov. 13 – Credit Suisse AG, London Branch plans to price 0% autocallable notes due Dec. 19, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.3% to 11.3% if each index closes at or above its initial level on any call observation date after one year.

The payout at maturity will be par plus the contingent return of 41.2% to 45.2% unless either index falls below its 70% knock-in level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Nov. 21.

The Cusip number is 22551LJ43.

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