Credit Suisse plans 6.25% contingent coupon autocalls on S&P, Nasdaq

By Susanna Moon

Chicago, June 13 – Credit Suisse AG, London branch plans to price contingent coupon autocallable yield notes due Jan. 6, 2020 linked to the worst performing of the S&P 500 index and the Nasdaq-100 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 6.25% if each underlying index closes at or above its 70% coupon barrier on each trading day for that quarter.

The notes are called at par if each index closes at or above its initial level on any determination date other than the final date.

The payout at maturity will be par unless any underlying index eve closes below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 29 and settle on July 5.

The Cusip number is 22550WXE2.

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