Credit Suisse plans contingent coupon callable yield notes on indexes

By Toni Weeks

San Luis Obispo, Calif., April 23 - Credit Suisse AG, Nassau Branch plans to price contingent coupon callable yield notes due May 7, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon of 7.2% per year if each index closes at or above its barrier level on the observation date for that period. Otherwise, no coupon will be paid that period. The barrier level will be 65% of the index's initial level.

The notes will be callable at par plus the contingent coupon, if any, on any interest payment date after one year.

The payout at maturity will be par unless either index finishes at or below its knock-in level, in which case investors will be fully exposed to the decline of the worst-performing index from its initial level. The knock-in level will be 65% of its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price May 1 and settle May 6.

The Cusip number is 22546T5V9.

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