Credit Suisse plans contingent coupon autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., May 16 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due May 26, 2021 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.

Each quarter, the notes pay a contingent coupon at the rate of 8.25% per year if each index closes at or above its knock-in level, 70% of its initial level, on the observation date for that quarter.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any index finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price May 17.

The Cusip number is 22552FFR8.

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