Credit Suisse plans contingent coupon autocallables on two indexes

By Susanna Moon

Chicago, Oct. 12 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due April 30, 2019 linked to least performing of the Russell 2000 index and the S&P 500 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% to 8% if each underlying index closes at or above its 75% coupon barrier on the observation for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date after six months.

The payout at maturity will be par the contingent coupon unless either index ever closes below its knock-in level on any day during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 26.

The Cusip number is 22550BKR3.

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