Credit Suisse to price autocallable securities on Russell, Euro Stoxx

By Devika Patel

Knoxville, Tenn., July 17 – Credit Suisse AG, London Branch, plans to price autocallable securities due July 31, 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 be automatically called at par plus an annualized redemption premium of 12% if the price of each underlying index is at or above its initial level on the Aug. 2, 2018 annual review date or at or above 95% of its initial level on July 26, 2019.

If the final level of each index is greater than 90% of their respective initial levels, the payout at maturity will be par plus the contingent maximum return of 36%. The payout will be par if one or both indexes decline beyond 90% but both finish above 70% of its initial price. Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

The exact terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550BCR2) are expected to price July 26 and settle July 31.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.