Credit Suisse plans 8.25%-10.25% contingent rate autocalls on indexes

By Susanna Moon

Chicago, April 5 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Oct. 30, 2019 linked to the least performing of the S&P 500 index, 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 8.25% to 10.25% if each index closes at or above its 65% coupon barrier 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 review date.

The payout at maturity will be par unless any index ever closes below its 65% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on April 25.

The Cusip number is 22550WKP1.

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