Credit Suisse plans contingent coupon callable notes on two indexes

By Susanna Moon

Chicago, May 31 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due June 24, 2019 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 8.75% to 9.75% if each index closes at or above its coupon barrier level, 70% of the initial level, on the observation date for that semiannual period.

The notes will be callable at par on any contingent coupon payment date beginning Dec. 27, 2016.

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 worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 17 and settle on June 24.

The Cusip number is 22548QAA3.

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