Credit Suisse plans contingent coupon callable yield notes on Russell 2000

By Jennifer Chiou

New York, Oct. 2 – Credit Suisse AG plans to price contingent coupon callable yield notes due Oct. 31, 2019 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 7.25% to 8.25% if the index closes at or above its coupon barrier level, 80% of its initial level, on an observation date for that quarter.

The notes are callable on any interest payment date beginning on Oct. 30, 2015.

The payout at maturity will be par unless the index finishes below the knock-in level, 80% of the initial index level, in which case investors will be fully exposed to any losses.

The notes (Cusip: 22547QU79) will price on Oct. 28 and settle on Oct. 31.

Credit Suisse Securities (USA) LLC is the underwriter.

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