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Credit Suisse plans contingent coupon autocallables tied to Russell
By Susanna Moon
Chicago, Feb. 2 – Credit Suisse AG, London branch plans to price contingent coupon autocallable yield notes due Feb. 10, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 8.75% to 9.25% if the index closes above its coupon barrier level, 75% of its initial level, on the observation date for that period.
The payout at maturity will be par unless the index finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses.
The notes will be callable at par if the index closes above its initial level on any interest payment date.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Feb. 5 and settle on Feb. 10.
The Cusip number is 22546VW85.
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