Credit Suisse to price trigger autocallables linked to iShares Russell

By Angela McDaniels

Tacoma, Wash., April 19 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due April 27, 2018 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at 8% per year if the ETF closes at or above its downside threshold level on the observation date for that quarter. The downside threshold level is expected to be 76% to 80% of the initial share price and will be set at pricing.

The notes will be automatically called at par of $10 if the ETF closes at or above its initial share price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the ETF’s final share price is less than its initial share price.

UBS Financial Services Inc. is the distributor.

The notes will price April 22.

The Cusip number is 22548R210.

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