Credit Suisse to price 8% autocallable yield notes on oil and gas ETF

By Wendy Van Sickle

Columbus, Ohio, March 3 – Credit Suisse AG, London Branch plans to price 8% autocallable yield notes due March 29, 2019 linked the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at a rate of 8% a year.

Beginning March 28, 2017, the notes will be automatically redeemed at par plus the contingent coupon if the index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the index closes below its 50% knock-in level, in which case investors will be fully exposed to the decline of the index.

Incapital LLC is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 22546VYF7.

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