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Credit Suisse plans contingent coupon notes tied to three indexes
By Marisa Wong
Madison, Wis., Oct. 1 - Credit Suisse AG plans to price contingent coupon callable yield notes due Oct. 31, 2016 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 contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its barrier level, 65% of the initial level, on the observation date for that quarter.
The notes will be callable at par plus the contingent coupon, if any, on any interest payment date.
The payout at maturity will be par unless any index finishes at or below its 65% knock-in level, in which case investors will be fully exposed to the decline of the worst-performing index.
Barclays is the placement agent.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 22547QBV7.
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