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Credit Suisse plans contingent coupon callable yield notes on indexes
By Toni Weeks
San Luis Obispo, Calif., March 8 - Credit Suisse AG, Nassau Branch plans to price contingent coupon callable yield notes due March 20, 2015 linked to 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.
The notes will pay a quarterly coupon of at least 8% per year if each index closes at or above the 67.5% to 70% barrier level on the observation date for that quarter. Otherwise, no coupon will be paid that period.
The notes are callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless any index finishes at or below the 67.5% to 70% knock-in level, in which case investors will receive par plus the return of the worst- performing index.
The exact terms will be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price March 15 and settle March 20.
The Cusip number is 22546T3W9.
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