Credit Suisse plans step-down trigger autocallables on Russell, Stoxx

By Susanna Moon

Chicago, April 25 – Credit Suisse AG, London Branch plans to price 0% step-down trigger autocallable notes due April 27, 2022 linked to the lowest performing of the Russell 2000 index 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 a call return of 8.2% to 9.2% if each index closes at or above its initial level on an annual observation date or at or above its 65% downside threshold on the final valuation date.

If the notes are not called, the payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.

UBS Financial Services Inc. is the distributor.

The notes will price on April 26.

The Cusip number is 22549A729.

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