Credit Suisse plans contingent coupon callable yield notes on indexes

By Jennifer Chiou

New York, Feb. 3 – Credit Suisse AG plans to price contingent coupon callable yield notes due Feb. 27, 2018 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each semiannual interest period, the notes will pay a contingent coupon if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that period. The contingent coupon rate is expected to be 8.25% to 8.75% per year and will be set at pricing.

The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will be fully exposed to the decline of the least-performing index.

Beginning on Aug. 27, 2015, the notes will be callable at par on any interest payment date.

The notes (Cusip: 22546V3W4) will price on Feb. 20 and settle on Feb. 27.

Credit Suisse Securities (USA) LLC is the agent.

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