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Credit Suisse plans 7%-9% autocallable yield notes linked to indexes
By Marisa Wong
Morgantown, W.Va., Oct. 14 – Credit Suisse AG, London Branch plans to price 7% to 9% autocallable yield notes due Oct. 31, 2016 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on April 26, 2016 or July 26, 2016.
The payout at maturity will be par unless either index closes at or below its knock-in level, 70% of its initial level, on any day during the life of the notes, in which case investors will receive par plus the return of the lesser-performing index, subject to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price Oct. 27 and settle Oct. 30.
The Cusip number is 22546VN85.
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