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Credit Suisse plans contingent coupon callable yield notes on indexes
By Susanna Moon
Chicago, July 10 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due July 27, 2020 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon an annual rate of 7.5% to 8.5% if each index closes at or above its 70% coupon barrier 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 lose 1% for each 1% decline of the worse performing index.
The notes will be callable at par on any interest payment date other than at maturity beginning Jan. 26, 2018.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 21 and settle on July 26.
The Cusip number is 22550BCG6.
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