Credit Suisse plans contingent coupon callable yield notes on indexes

By Angela McDaniels

Tacoma, Wash., Dec. 5 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 30, 2019 linked to the lowest performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon unless any index closes below its knock-in level, 60% of its initial level, on the observation date for that quarter. The contingent coupon rate is expected to be at least 8.6% per year and will be set at pricing.

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

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

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Dec. 29.

The Cusip number is 22548QPZ2.

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