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Credit Suisse to price autocallables linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Dec. 3 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Dec. 29, 2017 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a premium of 8% to 10% per year if each index closes at or above its initial level on any semiannual observation date. The exact premium will be set at pricing.
If the notes are not called, the payout at maturity will be par plus 9% unless either index closes at or below its knock-in level, 75% of its initial level, on any day during the life of the notes, in which case the payout will be 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 will price Dec. 28.
The Cusip number is 22546VR99.
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