Credit Suisse plans contingent coupon autocallable yield notes on indexes

By Tali Rackner

Minneapolis, June 9 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 17, 2018 linked to the lowest performing of the S&P 500 index, 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 quarterly coupon at an annualized rate of 6.15% if each index closes at or above its barrier level, 70% of its initial level, on a quarterly observation date.

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

The payout at maturity will be par unless any index finishes below its initial level and any index closes below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the least-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price June 12 and settle on June 15.

The Cusip number is 22550BAR4.

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