Credit Suisse plans contingent coupon callable notes tied to indexes

By Susanna Moon

Chicago, Jan. 22 – Credit Suisse AG, Nassau branch plans to price contingent coupon callable yield notes due Jan. 28, 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 contingent quarterly coupon at an annual rate of 9.5% if each index closes at or above its coupon barrier level, 55% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either index finishes below its 55% knock-in level, in which case investors will be fully exposed to the loss of the worse performing index.

The notes are callable in whole but not in part at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 25 and settle on Jan. 28.

The Cusip number is 22546VUZ7.

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