Credit Suisse plans trigger callable contingent yield notes on indexes

By Marisa Wong

Morgantown, W.Va., Feb. 15 – Credit Suisse AG, London Branch plans to price trigger callable contingent yield notes with daily coupon observation due Aug. 26, 2019 linked to the S&P 500 index, the Russell 2000 index and the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annual rate of at least 9.25% for each quarter that each index closes at or above its barrier level, 65% of its initial level, every day that quarter.

The notes will be callable at par on any quarterly observation date, other than the final one.

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

UBS Financial Services Inc. will act as distributor.

The notes will price on Feb. 16.

The Cusip number is 22549A398.

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