Credit Suisse to price autocallables linked to Euro Stoxx 50, S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 6 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Jan. 14, 2019 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if each index closes at or above its trigger level on any annual observation date. For each index, the trigger level is expected to be 100% of its initial level on the first observation date, 95% of its initial level on the second observation date and 90% of its initial level on the third observation date. The premium is expected to be at least 12.4% per year. The exact terms will be set at pricing.

If the notes are not called, the payout at maturity will be par unless either index finishes below its knock-in level, 70% of its initial level, in which case investors will be fully exposed to the decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Jan. 7.

The Cusip number is 22546VU53.

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