Credit Suisse plans contingent coupon autocallable yield notes on indexes

By Sarah Lizee

Olympia, Wash., Sept. 10 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 16, 2025 linked to the lowest performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 4% if each index closes at or above its barrier level, 50% of its initial level, on a related observation date.

The notes will be called at par if each index closes above its initial level on any quarterly trigger observation date after one year.

The payout at maturity will be par unless any index finishes below its 50% knock-in level, in which case investors will fully participate in the return of least-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 11.

The Cusip number is 22552WK61.

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