Credit Suisse plans contingent coupon autocallables on funds, index

By Wendy Van Sickle

Columbus, Ohio, March 7 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 14, 2020 linked to the least performing of the iShares MSCI Emerging Markets ETF, SPDR S&P Biotech ETF and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 9% if each asset closes at or above its coupon barrier, 60% of its initial level, on the observation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any quarterly trigger observation date.

The payout at maturity will be par unless any asset finishes below its initial level and any asset ever closes below its 60% knock-in level any day during the life of the notes, in which case investors will be fully exposed to any losses of the least-performing asset.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 8.

The Cusip number is 22552F2K7.

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