Credit Suisse to price autocallables linked to S&P 500, Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Sept. 26 – Credit Suisse AG plans to price 0% autocallable securities due Oct. 6, 2017 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its trigger level on an annual review date, the notes will be called at par plus a call premium that is expected to be at least 10.5% per year. The trigger level is expected to be 100% of the initial index level on the first review date, 95% of the initial level on the second review date and 90% of the initial level on the third review date.

If the notes are not called, the payout will be par if each index finishes at or above its knock-in level, 75% of its initial level. If either index finishes below its knock-in level, investors will be fully exposed to the decline of the least-performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price Oct. 1 and settle Oct. 6.

The Cusip number is 22547QTT3.

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