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

By Wendy Van Sickle

Columbus, Ohio, Sept. 26 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Oct. 31, 2019 linked to the S&P 500 index and the Russell 2000 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 9% to 11% a year.

If each index finishes at or above its initial level, the payout at maturity will be par plus a contingent maximum return of 30% to 36%.

If either index finishes below its initial level but neither index falls by 25% or more, the payout will be par plus 10%.

If either index finishes at or below the 75% knock-in level, investors will be fully exposed to the decline of the lesser performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 22548QJL0.

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