Credit Suisse plans 6.4% autocallable yield notes tied to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Oct. 10 – Credit Suisse AG, London Branch plans to price 6.4% autocallable yield notes due Jan. 18, 2019 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.

Interest will be payable quarterly.

The notes will be automatically redeemed at par if each index closes at or above its initial level on April 13, 2018, July 13, 2018 or Oct. 15, 2018.

The payout at maturity will be par unless either index closes below its knock-in level, 75% of its initial level, 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 Oct. 13.

The Cusip number is 22550BLN1.

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