Credit Suisse plans contingent income autocallables on three indexes

By Tali Rackner

Norfolk, Va., Feb. 9 – Credit Suisse AG plans to price autocallable contingent income securities due Feb. 15, 2019 linked to the least-performing of the S&P 500 index, the Nikkei 225 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at a rate of 9.3% per year if each index closes at or above its coupon barrier level, 75% of its initial index level, on each day of that quarter.

Beginning May 10, the notes will be automatically called at par of $1,000 plus the contingent coupon if each index closes at or above its initial level on any determination date other than the final one.

If each index finishes at or above its downside threshold level, 75% of its initial level, the payout at maturity will be par plus the final contingent coupon, if applicable.

If the final level of any index is less than its downside threshold level, investors will lose 1% for each 1% decline of the least-performing index.

Credit Suisse International is the agent.

The notes will price on Feb. 10 and settle on Feb. 15.

The Cusip number is 22548QVD4.

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