Credit Suisse plans contingent coupon autocallables tied to Russell

By Marisa Wong

Morgantown, W.Va., May 23 – Credit Suisse AG, London Branch, plans to price contingent coupon autocallable yield notes due June 2, 2021 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 9.15% to 9.65% if the index closes above its coupon barrier level, 70% of its initial level, on the observation date for that semiannual period.

If the index closes at or above its initial level on any semiannual observation date, the notes will be automatically called at par plus the contingent coupon.

The payout at maturity will be par unless the index finishes at or below its 75% knock-in level, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 27 and settle on June 2.

The Cusip number is 22548Q6W0.

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