Credit Suisse plans 7.5%-8.5% contingent coupon market-tied autocalls on indexes, fund

By Susanna Moon

Chicago, July 16 – Credit Suisse AG, London branch plans to price market-linked securities due July 28, 2022 – autocallable with contingent coupon and contingent downside linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index 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 7.5% to 8.5% if each underlying asset closes at or above its 70% coupon threshold on the observation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any observation date from January 2019 through April 2022.

The payout at maturity will be par unless any underlying asset finishes below its 70% downside threshold, in which case the payout will be par plus the return with full exposure to any losses to the worst performing index or fund.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on July 27 and settle on Aug. 1.

The Cusip number is 22550WZK6.

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