Credit Suisse plans contingent coupon yield notes tied to two indexes

By Susanna Moon

Chicago, July 1 - Credit Suisse AG, Nassau Branch plans to price contingent coupon yield notes due July 26, 2016 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual coupon at an annualized rate of 7.25% to 7.75% if each index closes at or above the 70% coupon barrier level on the observation date for that period. The exact contingent semiannual coupon will be set at pricing.

The notes will be callable at par on any contingent interest payment date.

The payout at maturity will be par unless either index finishes at or below the 70% knock-in level, in which case investors will be fully exposed to the losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

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

The Cusip number is 22547Q5K8.

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