Credit Suisse plans high/low coupon callable notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Credit Suisse AG plans to price high/low coupon callable yield notes due Aug. 28, 2015 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlying component closes at or below its knock-in level, 65% of its initial level, during the life of the notes.

The coupon is expected to be 7.6% per year unless a knock-in event occurs, in which case the coupon is expected to be 1% per year for that and each subsequent quarterly interest period. Interest will be payable quarterly. The exact coupon rates will be set at pricing.

The payout at maturity will be par unless a knock-in event has occurred, in which case the payout will be par plus the return of the lowest-performing component, up to a maximum payout of par.

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

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price Feb. 25 and settle Feb. 28.

The Cusip number is 22547QJJ6.

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