Credit Suisse plans trigger autocallable notes on three indexes

By Marisa Wong

Morgantown, W.Va., Jan. 19 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Jan. 27, 2027 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.7% if each index closes at or above its coupon barrier, 70% of its 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 after one year.

The payout at maturity will be par unless any index finishes below the 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. is distributor.

The notes will price on Jan. 20.

The Cusip number is 22548QT54.

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