Credit Suisse plans to price autocallable securities on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 29 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due March 30, 2018 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 index closes at or above its initial level on a semiannual observation date, the notes will be called at par plus an automatic redemption premium expected to be 10% to 12% a year.

The payout at maturity will be par plus of $1,000 plus the $110 contingent minimum return, unless either index closes below its knock-in level, expected to be 70% of its initial level, on any day during the life of the notes, in which case investors will be fully exposed to the loss of the worse performing index.

The notes will price on March 28 and settle on March 31.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22546VXT8.

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