Credit Suisse plans four-year trigger autocallables tied to fund, index

By Susanna Moon

Chicago, Oct. 26 – Credit Suisse AG, London Branch plans to price autocallable notes due Nov. 3, 2021 linked to least performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund 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 annual call premium of 11.72% if each index closes at or above its initial level on any annual observation date.

If each index finishes at or above 70% knock-in level, the payout at maturity will be $1,468.80 per $1,000 principal amount.

Otherwise, the payout at maturity will be par plus the worse performing index with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 27.

The Cusip number is 22550BMT7.

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