Credit Suisse plans to price autocallable CS notes on S&P, Dow

By Emma Trincal

New York, Jan. 26 – Credit Suisse AG, London Branch plans to price 0% autocallable CS notes due Jan. 30, 2026 linked to the lowest performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10% if the lowest performing index closes at or above its initial level on Jan. 26, 2024.

If the notes are not called and the lowest performing index finishes positive, the payout at maturity will be par plus 1.5 times its gain.

Otherwise, the payout will be par.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price on Jan. 26 and to settle on Jan. 31.

The Cusip number is 22553QPZ4.

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