Credit Suisse plans market-linked autocallable notes tied to indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 10 – Credit Suisse AG will price market-linked securities due Feb. 4, 2019 – autocallable with contingent coupon and contingent downside linked to the least performing of the S&P 500 index, the Russell 2000 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 9.2% to 10.2% if each index closes at or above its threshold level, 75% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above the initial level on any quarterly observation date from July 2017 to October 2018, inclusive.

The payout at maturity will be par unless any index finishes below its 75% threshold level, in which case investors will have one-to-one exposure to any losses.

Credit Suisse International is the agent with Wells Fargo Securities LLC handling distribution.

The notes (Cusip: 22548QRW7) will price on Jan. 31 and settle on Feb. 3.

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