Credit Suisse plans contingent coupon callable yield notes on indexes

By Tali Rackner

Minneapolis, Sept. 20 – Credit Suisse AG, London Branch, plans to price contingent coupon callable yield notes due Sept. 27, 2019 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 9.02% if each index closes above its barrier level, expected to be about 75% of its initial level, on the observation date for that quarter. The exact coupon and barrier will be set at pricing.

The notes are callable in whole but not in part at par on any quarterly call date beginning Dec. 27.

The payout at maturity will be par unless any index finishes below its knock-in level, expected to be 75% of the initial level, in which case investors will lose 1% for each 1% decline of the worst-performing index. The exact knock-in level will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 22 and settle on Sept. 27.

The Cusip number is 22550BHZ9.

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