Credit Suisse plans trigger autocallables tied to iShares Russell ETF

By Marisa Wong

Morgantown, W.Va., Oct. 6 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Oct. 11, 2018 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at a rate of 7% per year if the ETF closes at or above its downside threshold level, 70% of its initial share price, on the observation date for that quarter.

After one year, the notes will be automatically called at par of $10 if the ETF closes at or above its initial share price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the ETF’s final share price is less than its initial share price.

UBS Financial Services Inc. is the distributor.

The notes will price Oct. 7.

The Cusip number is 22548T398.

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