Credit Suisse plans contingent coupon callable notes on indexes, ETF

By Marisa Wong

Madison, Wis., Dec. 4 - Credit Suisse AG plans to price contingent coupon callable yield notes due June 13, 2016 linked to the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying closes at or above its coupon barrier level, 65% of the initial level, on a quarterly observation date, the notes will pay a coupon that quarter at a rate that is expected to be 8.5% per year and will be set at pricing.

The payout at maturity will be par unless any underlying's final level is equal to or less than its knock-in level, 65% of its initial level, in which case investors will receive par plus the return of the lowest-performing underlying.

Beginning March 11, 2014, the notes will be callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price Dec. 6 and settle Dec. 11.

The Cusip number is 22547QEG7.

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