Credit Suisse to price contingent coupon autocallables on S&P, Russell

By Angela McDaniels

Tacoma, Wash., March 6 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due June 13, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 8.25% if each index closes at or above its knock-in level, 70% of its initial level, on the observation date for that month.

The notes will be automatically called at par if each index closes at or above its initial level on Sept. 8, 2017, Dec. 8, 2017 or March 8, 2018.

The payout at maturity will be par unless either index closes below its knock-in level on any day during the life of the notes, in which case investors will receive par plus the return of the lesser-performing index, subject to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price March 8.

The Cusip number is 22548QXD2.

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