Credit Suisse plans contingent coupon autocallable yield notes on Russell

By Sarah Lizee

Olympia, Wash., Aug. 28 – Credit Suisse AG, London Branch, plans to price contingent coupon autocallable yield notes due Dec. 3, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the coupon barrier level, 75% of the initial level, on a quarterly observation date, the notes will pay a contingent payment for that quarter at a rate of 11.65% per year.

The notes will be called at par plus the contingent coupon if the index closes at or above initial price on any quarterly trigger observation date.

If the notes are not called, the payout at maturity will be par unless the index finishes below the 75% knock-in level, in which case investors will lose 1% for each 1% decline of the index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 31.

The Cusip number is 22552WFW0.

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