Credit Suisse plans CS autocalls tied to Credit Suisse RavenPack AIS

By Wendy Van Sickle

Columbus, Ohio, April 25 – Credit Suisse AG, London Branch plans to price 0% CS autocallable notes due May 10, 2024 linked to the Credit Suisse RavenPack AIS Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.

The notes will be automatically redeemed at par plus a 5.4% annual premium if the index closes at or above the applicable trigger level on an annual trigger observation date. The trigger level is 100.9% of the initial level for the first trigger observation date on May 11, 2020 and steps up by 90 basis points on each subsequent observation date to 103.6% of the initial level for the final trigger observation date on May 10, 2023.

If the notes have not been called and the index finishes above its initial level, the payout at maturity will be par plus the index return. If the index finishes flat or falls, investors will receive par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 7.

The Cusip number is 22552FBE1.

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