Credit Suisse plans autocallable yield notes linked to two indexes

By Tali Rackner

Minneapolis, Aug. 10 – Credit Suisse AG, London Branch plans to price 5.85% autocallable yield notes due Nov. 19, 2018 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each index closes at or above its initial level on Feb. 14, 2018, May 15, 2018 or Aug. 15, 2018.

The payout at maturity will be par plus the return of the lesser-performing index unless either index finishes below its 75% knock-in level on any day during the life of the notes, in which case investors will receive par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 15 and settle on Aug. 18.

The Cusip number is 22550BF57.

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