Credit Suisse plans 9% autocallable yield notes tied to Gold Miners

By Wendy Van Sickle

Columbus, Ohio, April 11 – Credit Suisse AG, London Branch plans to price 9% autocallable yield notes due April 28, 2017 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at a rate of 9% a year.

The notes will be automatically redeemed at par plus the contingent coupon if the fund closes at or above its initial level on Oct. 25, 2016 or Jan. 25, 2017.

The payout at maturity will be par unless the fund closes below its initial level and has closed below its knock-in level, expected to be 55% to 60%, on any day during the life of the notes, in which case investors will be fully exposed to the decline of the fund.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price April 25 and settle April 28.

The Cusip number is 22548Q3R4.

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