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Credit Suisse plans four-year trigger autocallables tied to indexes
By Susanna Moon
Chicago, Dec. 6 – Credit Suisse AG, London Branch plans to price autocallable securities due Dec. 29, 2021 linked to least performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 11% to 12% if each index closes at or above its initial level on any annual observation date.
If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index up to a maximum return of $1,360 to $1,400 per $1,000 principal amount.
If each index finishes at or above 70% knock-in level, the payout will be par.
Otherwise, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Dec. 21.
The Cusip number is 22550BQX4.
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