Credit Suisse plans 5.85% contingent coupon autocalls tied to indexes

By Susanna Moon

Chicago, Jan. 23 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Aug. 5, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 5.85% if each index closes at or above its 75% coupon barrier on an observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any contingent interest payment date.

The payout at maturity will be par unless either index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 31 and settle on Feb. 6.

The Cusip number is 22550W7F8.

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