Credit Suisse plans trigger phoenix autocallables linked to indexes

By Susanna Moon

Chicago, Aug. 4 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Aug. 20, 2025 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.1% to 7.7% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par of $10 if each index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par plus the contingent coupon unless index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. is the distributor.

The notes will price on Aug. 14 and settle on Aug. 19.

The Cusip number is 22548F489.

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