Credit Suisse plans 8.1% contingent income callables tied to Stoxx 50

By Susanna Moon

Chicago, Feb. 12 – Credit Suisse AG, London Branch plans to price callable contingent income securities due Feb. 22, 2028 linked to 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 annul rate of 8.1% if the index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly call date after one year.

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

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

The notes will price on Feb. 16 and settle on Feb. 22.

The Cusip number is 22550WCM7.

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