Credit Suisse plans to price market-linked autocalls on oil ETF

By Sarah Lizee

Olympia, Wash., Sept. 26 – Credit Suisse AG, London Branch plans to price 0% market-linked securities due Oct. 3, 2022 – autocallable with contingent downside linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium if the fund closes at or above its initial level on any quarterly observation date after six months. The premium will be 15% to 17% per year.

The payout at maturity will be par unless the fund finishes below its threshold level, 75% of its initial level, in which case the payout will be par plus the return of the fund with full exposure to any losses.

Wells Fargo Securities, LLC is the agent.

The notes will price on Sept. 27.

The Cusip is 22552FUJ9.

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