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Credit Suisse plans buffered contingent coupon notes on Russell
By Marisa Wong
Madison, Wis., Oct. 31 - Credit Suisse AG plans to price buffered contingent coupon callable yield notes due Nov. 29, 2017 linked to the Russell 2000 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 5.5% to 6% if the index closes at or above its barrier level, 85% of the initial level, on the observation date for that quarter.
The notes will be callable at par plus the contingent coupon on any interest payment after one year.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for every 1% decline beyond the 15% buffer.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 25 and settle on Nov. 29.
The Cusip number is 22547QD45.
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