Credit Suisse plans 8.15% contingent income callables tied to indexes

By Susanna Moon

Chicago, Nov. 17 – Credit Suisse AG, London Branch plans to price callable contingent income securities due May 26, 2022 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 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 8.15% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be callable at par on any interest payment date beginning Feb. 26, 2018.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is acting as distributor.

The notes will price on Nov. 21.

The Cusip number is 22550BPY3.

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