Credit Suisse plans contingent coupon autocallable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 23, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 7% to 7.5% if each index closes at or above its barrier level, 75% of the initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either index closes below its initial level and has finished below its 75% knock-in level 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 Sept. 16 and settle on Sept. 23.

The Cusip number is 22548QGV1.

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