Credit Suisse to price market-linked securities due 2021 on indexes

By Sarah Lizee

Olympia, Wash., Oct. 16 – Credit Suisse AG plans to price market-linked securities – autocallable with contingent coupon and contingent downside due Oct. 28, 2021 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 7% to 7.5% if each index closes at or above the 70% threshold on the observation date for that quarter.

Starting in April 2019 and ending in July 2021, the notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless any index falls below the 70% threshold, in which case investors will be fully exposed to any decline of the worst performing index.

Wells Fargo Securities LLC is the agent.

The notes will price on Oct. 19 and settle on Oct. 24.

The Cusip number is 22551LFH8.

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