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Credit Suisse to price contingent income autocallables on indexes
By Sarah Lizee
Olympia, Wash., Jan. 31 – Credit Suisse AG, London Branch plans to price contingent income autocallable securities due Feb. 18, 2022 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.4% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless any underlying index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
The notes will price on Feb. 15.
The Cusip number is 22551LWD8.
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