Credit Suisse plans contingent income callable notes on three indexes

By Susanna Moon

Chicago, March 14 – Credit Suisse AG, London Branch plans to price contingent income callable securities due Sept. 20, 2019 linked to the least performing of the Euro Stoxx 50 index, the Nikkei 225 index and the S&P 500 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 8.6% if each index closes at or above its 65% coupon barrier on each day during the review period for that quarter.

The notes will be callable at par on any coupon payment date beginning June 20.

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

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on March 15.

The Cusip number is 22548QXJ9.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.