Credit Suisse plans contingent coupon callable notes on index, funds

By Susanna Moon

Chicago, Jan. 8 – Credit Suisse AG plans to price contingent coupon callable yield notes due Jan. 23, 2017 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual contingent coupon at an annual rate of 18% to 20% if each component closes at or above its barrier level, 60% of its initial level, on the observation date for that period.

The payout at maturity will be par unless any component finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing component.

The notes will be callable at par on any interest payment date after one year.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 22546V2B1.

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