Credit Suisse plans contingent coupon autocallable yield notes on S&P, Nasdaq

Chicago, Feb. 27 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 5, 2020 linked to the lowest performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 10% to 12% if each index closes at or above its coupon barrier level, 70% of its initial level, on a related observation date.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date beginning May 31.

The payout at maturity will be par unless either index ever finishes below its 70% knock-in level any day during the life of the notes, in which case investors will be fully exposed to any losses of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 28 and settle March 5.

The Cusip number is 22551LVK3.

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