Credit Suisse plans trigger autocallable optimization notes on the Dow

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – Credit Suisse AG, London Branch plans to price 0% trigger autocallable optimization securities due Feb. 19, 2021 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 7.5% per year if the index closes at or above the initial level on any quarterly observation date after one year.

If index return is zero or positive, the payout at maturity will be par plus 37.5%.

If the index return is negative but not below the 64% to 70% trigger level, the payout will be par. The exact trigger level will be set at pricing.

Otherwise, investors will be fully exposed to the loss.

UBS Financial Services Inc. is the agent.

The notes will price on Feb. 12 and settle on Feb. 22.

The Cusip number is 22548J549.

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