Credit Suisse plans contingent coupon callable yield notes on indexes

By Marisa Wong

Madison, Wis., March 14 - Credit Suisse AG plans to price contingent coupon callable yield notes due March 26, 2019 linked to the S&P 500 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 expected to be 7% if each index closes at or above its barrier level, 60% of the initial level, on the observation date for that period.

The notes will be callable at par plus the contingent coupon on any quarterly interest payment.

The payout at maturity will be par unless either index finishes at or below 60% of its initial level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 19 and settle on March 26.

The Cusip number is 22547QKM7.

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