Credit Suisse plans autocallable securities linked to four indexes

By Marisa Wong

Madison, Wis., Nov. 14 – Credit Suisse AG plans to price autocallable securities due Nov. 20, 2019 linked to the S&P 500 index, the Euro Stoxx 50 index, the FTSE 100 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a redemption premium of 12% to 13% per year if each underlying index closes at or above its trigger level on any semiannual review date beginning May 15, 2015. The trigger level is expected to be about 100% of the initial level for the first through ninth review dates and about 70% of the initial level for the 10th review date.

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

If an index finishes at or above the 70% knock-in level, its underlying return will equal zero. Otherwise, the underlying return will equal the index return.

The exact terms will be set at pricing.

The notes are expected to price Nov. 17 and settle Nov. 20.

Citigroup Global Markets Inc. is the placement agent.

The Cusip number is 22547QX35.

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