Credit Suisse plans autocallable securities on Euro Stoxx, FTSE 100

By Jennifer Chiou

New York, Dec. 18 - Credit Suisse AG plans to price autocallable securities due Dec. 27, 2016 linked to the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a redemption premium that is expected to be 12% per year if each underlying index closes at or above its trigger level on any of three review dates beginning on Jan. 2, 2015. The trigger level is expected to be 100% of the initial level.

If the notes are not called, the payout at maturity will be par plus the underlying return of the lower-performing index.

If the index finishes below its initial level but at or above the 75% knock-in level, the underlying return will equal zero. Otherwise, the underlying return will equal the index return.

The exact terms will be set at pricing.

The notes (Cusip: 22547QF35) are expected to price on Dec. 20 and settle on Dec. 26.

Barclays is the placement agent.

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