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Credit Suisse plans contingent coupon callable notes linked to indexes
By Susanna Moon
Chicago, Dec. 1 – Credit Suisse AG plans to price contingent coupon callable yield notes due Dec. 29, 2017 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 7.75% to 8.25% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that period.
The payout at maturity will be par unless either index finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are callable at par on any interest payment date beginning June 29, 2015.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Dec. 19 and settle on Dec. 29.
The Cusip number is 22547QY91.
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