Credit Suisse pushes back maturity on autocallables tied to indexes

By Marisa Wong

Morgantown, W.Va., Sept. 11 – Credit Suisse AG, London Branch updated the maturity, observation and pricing dates for its upcoming 7% to 9% autocallable yield notes linked to the S&P 500 index and the Russell 2000 index, according to an amended 424B2 filing with the Securities and Exchange Commission.

The notes will mature on Sept. 19, 2016, instead of Sept. 16, 2016.

Interest is payable monthly.

The notes will be called at par plus accrued interest if each component closes at or above its initial level on March 15, 2016 or June 15, 2016.

A knock-in event will occur if either component closes at or below its knock-in level, 70% of the initial level, on any trading day during the life of the notes.

The payout at maturity will be par unless a knock-in event occurs, in which case the payout will be par plus the return of the worse performing index with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 15 and settle on Sept. 18, instead of Sept. 11 and Sept. 16 as previously disclosed.

The Cusip number is 22546VLZ7.

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