Credit Suisse plans trigger phoenix autocallable notes linked to Intel

By Susanna Moon

Chicago, Oct. 21 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 29, 2020 linked to Intel Corp. shares, according to a 424B2 with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 8% if Intel stock closes at or above the coupon barrier level – 68.5% to 73.5% of the initial price – on the observation date for that month.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on any monthly observation date after one year.

The payout at maturity will be par plus the contingent coupon unless Intel shares finish below the 68.5% to 73.5% trigger level, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. will be the distributor.

The notes will price on Oct. 23 and settle on Oct. 28.

The Cusip number is 22548F752.

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