Credit Suisse plans contingent yield trigger autocallables on indexes

By Susanna Moon

Chicago, Sept. 12 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Sept. 21, 2027 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.

The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its coupon barrier, which will be set at 57% and 60% of the 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 plus the contingent coupon unless either index finishes below its 57% to 60% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. is the distributor.

The notes will price on Sept. 15 and settle on Sept. 20.

The Cusip number is 22549D202.

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