Credit Suisse plans 8.75%-10.75% autocallable yield notes on gold ETF

By Marisa Wong

Madison, Wis., April 6 – Credit Suisse AG plans to price 8.75% to 10.75% autocallable yield notes due April 22, 2016 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The notes will be called at par if the fund closes at or above its initial share price on July 17, 2015, Oct. 19, 2015 and Jan. 19, 2016.

The payout at maturity will be par unless the fund ever closes at or below its knock-in level, 70% of its initial share price, during the life of the notes and finishes below its initial share price, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 17 and settle on April 22.

The Cusip number is 22546VAV8.

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