Credit Suisse plans trigger phoenix autocallables tied to two indexes

By Susanna Moon

Chicago, Aug. 20 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Aug. 29, 2025 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 9.55% if each index closes at or above the 70% coupon barrier level on any observation date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless either index finishes below the 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. will be the distributor.

The notes will price on Aug. 27 and settle on Aug. 31.

The Cusip number is 22548F562.

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