Credit Suisse plans trigger phoenix autocallables tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 1 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 17, 2026 linked to 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 8.35% to 9.35% if each index closes at or above its coupon barrier level, 70% of its initial level, 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 observation date after one year.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. is the distributor.

The notes will price on March 11 and settle on March 16.

The Cusip number is 22548J739.

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