Credit Suisse plans contingent coupon autocalls tied to S&P, Russell

By Susanna Moon

Chicago, June 7 – Credit Suisse AG, London branch plans to price contingent coupon autocallable yield notes due Sept. 20, 2019 linked to the worst 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 annual rate of 8.25% to 10.25% if each underlying index closes at or above its 75% coupon barrier on each trading day for that quarter.

The notes are called at par if each index closes at or above its initial level on any determination date other than the final date.

The payout at maturity will be par unless any underlying 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 agent.

The notes will price on June 15 and settle on June 20.

The Cusip number is 22550WV95.

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