Credit Suisse plans contingent coupon callable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Jan. 21, 2020 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 at an annualized rate of 9.5% unless any index closes below its knock-in level, 65% of its initial level, on the observation date for that quarter.

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

The payout at maturity will be par unless any index closes below its knock-in level during the life of the notes, in which case investors will receive par plus the return of the least-performing index, subject to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Jan. 17.

The Cusip number is 22548QSU0.

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