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

By Susanna Moon

Chicago, April 6 – Credit Suisse AG, London branch plans to price 0% autocallable securities due April 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.

The notes will be called at par plus an annual call premium of 8% to 10% if each index closes at or above its initial level on any call date. The exact call premium will be set at pricing.

The payout at maturity will be par plus 9% unless either index closes at or below its knock-in level, 70% of its initial level, on any day during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip number is 22546VZU3.

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