Credit Suisse to price contingent coupon yield notes tied to Russell

By Toni Weeks

San Luis Obispo, Calif., April 1 - Credit Suisse AG, Nassau Branch plans to price contingent coupon yield notes due April 26, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon of 5.75% to 6.25% per year if the index closes at or above the 70% barrier level on the observation date for that quarter. Otherwise, no coupon will be paid that period. The exact contingent coupon will be set at pricing.

The payout at maturity will be par unless the index finishes at or below the 70% knock-in level, in which case investors will be fully exposed to the index decline.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price on April 19 and settle on April 26.

The Cusip number is 22546T4Y4.

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