Credit Suisse plans autocallables tied to Russell 2000, Euro Stoxx 50

By Susanna Moon

Chicago, Jan. 16 – Credit Suisse AG, London Branch plans to price autocallable securities due Jan. 29, 2021 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.1% if each underlying index closes at or above its call level on any call date. The call level will be 100% of the initial level on the first observation date and 95% of the initial level on the second observation date.

The payout will be the contingent return of par plus 33.3% unless either index finishes below its 70% threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 22550W5S2.

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