Credit Suisse plans trigger autocallable contingent yield notes on S&P, Stoxx

By Sarah Lizee

Olympia, Wash., April 8 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due April 22, 2022 linked to the S&P 500 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 8% to 9% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.

After six months, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date other than the final one.

The payout at maturity will be par unless either index finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.

The notes will price on April 16.

The Cusip number is 22550F211.

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