Credit Suisse plans trigger autocallable optimization notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, March 16 – Credit Suisse AG, London Branch plans to price 0% trigger autocallable optimization securities due March 31, 2021 linked to the Euro Stoxx 50 index, according to an 424B2 filed with the Securities and Exchange Commission.

Beginning April 3, 2017, the notes will be called at par of $10 plus a call return of 9% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level. The trigger level will be 50% to 58% of the initial index level. The exact level will be set at pricing.

UBS Financial Services Inc. is the agent.

The notes (Cusip: 22548J796) will price on March 29 and settle March 31.

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