Credit Suisse plans trigger phoenix autocallables linked to Financial Select SPDR

By Susanna Moon

Chicago, Jan. 13 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Jan. 22, 2018 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if the fund closes at or above its coupon barrier level, 75% to 80% of its initial level, on the observation date for that quarter.

The notes will be called at par if the fund closes at or above its initial level on any quarterly observation date after three months.

The payout at maturity will be par plus the final contingent coupon unless the fund finishes below its 75% to 80% trigger level, in which case investors will be fully exposed to any losses.

The exact trigger level will be set at pricing.

UBS Financial Services Inc. will be the distributor.

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 22548J432.

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