Credit Suisse plans 6.05% contingent coupon autocalls on index, funds

By Susanna Moon

Chicago, Jan. 3 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due July 12, 2019 linked to the least performing of the Russell 2000 index, the iShares MSCI Emerging Markets exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 6.5% if each underlying component closes at or above its 70% coupon barrier on an observation date for that quarter.

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

The payout at maturity will be par unless any component finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index or fund.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 9 and settle on Jan. 12.

The Cusip number is 22550W3T2.

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