Credit Suisse plans trigger phoenix autocallables on Stoxx, Russell

By Susanna Moon

Chicago, Jan. 7 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Jan. 22, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.85% to 10.10% if each index closes at or above its trigger level, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 70% 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 Jan. 15 and settle on Jan. 21.

The Cusip number is 22548J416.

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