Credit Suisse plans callable cert plus notes on Euro Stoxx, iShares EM

By Marisa Wong

Madison, Wis., May 8 – Credit Suisse AG plans to price 0% callable cert plus securities due May 17, 2017 linked to 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.

A knock-in event occurs if either component finishes at or below its 65% knock-in level.

If the worse performing component finishes above the initial level, the payout at maturity will be par plus 150% of the gain.

If the worse performing component falls but a knock-in event has not occurred, the payout will be par.

Otherwise, the payout will be par plus the return of the worse performing component with exposure to any losses.

The notes are callable at par plus a call return of 16% to 18% on May 20, 2016.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price May 12 and settle June 15.

The Cusip number is 22546VDC7.

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