Credit Suisse plans trigger autocallable contingent yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, March 22 – Credit Suisse AG, London Branch plans to price 0% trigger autocallable contingent yield notes due March 30, 2020 linked to the Russell 2000 index and the Euro Stoxx 50 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 at least 8.5% 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 six months.

The payout at maturity will be par plus the final coupon unless either index finishes below the downside threshold level, 70% of the initial level, in which case investors will lose 1% for every 1% decline of the worse performing index.

UBS Financial Services Inc. is the agent.

The notes will price on March 24.

The Cusip number is 22549A596.

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