Credit Suisse plans 9.5%-11.5% contingent coupon autocalls on indexes

By Susanna Moon

Chicago, April 6 – 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 monthly coupon at an annual rate of 9.5% to 11.5% if each index closes at or above its 75% coupon barrier on the observation date for that month.

The notes will be called at par if each index closes at or above its initial level on any of three quarterly review dates.

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

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on April 30.

The Cusip number is 22550WL47.

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