Credit Suisse plans contingent coupon callable yield notes on Russell

By Marisa Wong

Madison, Wis., April 30 - Credit Suisse AG plans to price contingent coupon callable yield notes due May 14, 2024 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 expected to be 7% if the index closes at or above its barrier level, 60% of the initial level, on the observation date for that period.

The notes will be callable at par plus the contingent coupon, if any, on any quarterly interest payment beginning May 14, 2015.

The payout at maturity will be par unless the index finishes below the knock-in level, 60% of the initial level, in which case investors will be fully exposed to the index decline from the initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price May 9 and settle May 14.

The Cusip number is 22547QM94.

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