Credit Suisse plans contingent coupon callable yield notes on funds

By Toni Weeks

San Luis Obispo, Calif., April 22 – Credit Suisse AG plans to price contingent coupon callable yield notes due April 28, 2017 linked to 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 contingent quarterly coupon of 9.5% to 10.5% annualized if each fund closes at or above its barrier level, 60% of the initial level, on any quarterly observation date. The exact coupon will be set at pricing.

The notes will be callable at par plus the contingent coupon on any interest payment date beginning Oct. 30, 2015.

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

Credit Suisse Securities (USA) LLC is the agent.

The notes will price April 27 and settle April 30.

The Cusip number is 22546VC87.

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