Credit Suisse plans 7.35% contingent coupon autocalls on gold fund

By Susanna Moon

Chicago, Feb. 14 – Credit Suisse AG, London Branch plans to price autocallable contingent coupon notes due Feb. 22, 2021 linked to the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.35% if the fund closes at or above its 70% coupon barrier on the review date for that quarter.

The notes will be called at par if the fund closes at or above its initial level on any call observation date.

The payout at maturity will be par unless the fund finishes below its 65% knock-in level, in which case investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 15.

The Cusip number is 22550WDE4.

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