Credit Suisse plans contingent coupon callable yield notes on indexes

By Marisa Wong

Madison, Wis., June 17 – Credit Suisse AG plans to price contingent coupon callable yield notes due March 27, 2020 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 7.85% if each index closes at or above its barrier level, 65% of the initial level, on the observation date for that period. The exact coupon will be set at pricing.

The notes will be callable at par plus the contingent coupon on any quarterly interest payment date beginning Dec. 29, 2014.

The payout at maturity will be par unless either index finishes below its 65% knock-in level, in which case investors will be fully exposed to the decline of the worst-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 24 and settle on June 27.

The Cusip number is 22547QPB6.

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