Credit Suisse plans callable contingent income notes linked to indexes

By Susanna Moon

Chicago, April 20 – Credit Suisse AG plans to price callable contingent income securities due April 26, 2018 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 contingent quarterly coupon at an annual rate of 14.3% if each index closes at or above the coupon barrier level, 75% of the initial index level, on the observation date for that quarter.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

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

Morgan Stanley & Co. LLC is the distributor.

The notes will price on April 22 and settle on April 27.

The Cusip number is 22548Q4K8.

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