Credit Suisse plans to price autocallable securities on S&P, Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch plans to price autocallable securities due May 27, 2020 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on an annual observation date, the notes will be called at par plus an automatic redemption premium expected to be 11% to 12% a year.

The payout at maturity will be par plus of $1,000 plus the 10% contingent minimum return, unless either index closes below its knock-in level, expected to be 70% of its initial level, in which case investors will be fully exposed to the loss of the worse performing index.

The notes will price on May 20 and settle on May 27.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22548Q5Q4.

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