Credit Suisse to price trigger autocallables linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Aug. 8 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Aug. 12, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon if the index closes at or above its downside threshold, 80% of its initial level, on the observation date for that quarter. The contingent coupon rate is expected to be 8% to 8.25% per year and will be set at pricing.

Beginning Feb. 10, 2020, the notes will be automatically called at par of $10 if the index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the index finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the index.

UBS Financial Services Inc. is acting as distributor.

The notes will price Aug. 9.

The Cusip number is 22550F831.

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