Credit Suisse plans 7.4% contingent coupon autocalls on three ETFs

New York, June 15 – Credit Suisse AG, London Branch plans to price 7.4% contingent coupon autocallable yield notes due Dec. 23, 2019 linked to the lowest performing of the SPDR S&P Midcap 400 ETF, the SPDR S&P Biotech ETF and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.4% if each ETF closes at or above its 65% coupon barrier on the observation date for that quarter.

The notes will be automatically called at par if each ETF closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any of the ETFs closes below its 60% knock-in level, in which case investors will lose 1% for each 1% decline of the worst performing underlying from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 18 and settle on June 21.

The Cusip number is 22550WXU6.

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