Credit Suisse to price contingent coupon autocallables on ETF, index

By Marisa Wong

Morgantown, W.Va., June 11 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Dec. 16, 2019 linked to the least performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and Euro Stoxx Select Dividend 30 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 6.5% if each underlying closes at or above its 70% coupon barrier on the related quarterly observation date.

The notes will be called at par if each underlying closes at or above its initial level on any quarterly review date.

A knock-in event will occur if any underlying finishes below its 70% knock-in level.

If a knock-in event does not occur, the payout at maturity will be par.

If a knock-in event does occur, the payout will be par plus the return of the worst performing underlying.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price June 12.

The Cusip number is 22550WXH5.

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