Credit Suisse plans autocallables linked to S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Credit Suisse AG, London Branch plans to price autocallable securities due Nov. 30, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each of the indexes closes above its initial level on any semiannual observation date, the notes will be called at par of $1,000 plus a premium expected to be $40 to $50 on May 25, 2016; $80 to $100 on Nov. 25, 2016; $120 to $150 on May 24, 2017; and $160 to $200 at maturity.

If the notes are not automatically redeemed and neither of the indexes has fallen below its knock-in level, expected to be about 75%, on any trade day during the observation period, the payout at maturity will be par plus 8%. If a knock-in event has occurred, investors will be fully exposed to losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price Nov. 24 and settle Nov. 30.

The Cusip number is 22546VP75.

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