Credit Suisse plans trigger autocallable notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Aug. 19 – Credit Suisse AG, London Branch plans to price 0% trigger autocallable notes due Sept. 3, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 8% if the index closes at or above the initial level on any quarterly observation date after one year.

If the notes are not called, the payout at maturity will be par if the index falls by up to 25% to 30%, with the exact downside threshold to be set at pricing. Investors will be fully exposed to any losses if the index falls beyond the downside threshold.

UBS Financial Services Inc. is the distributor.

The notes will price Aug. 29.

The Cusip number is 22548R871.

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