Credit Suisse plans contingent coupon callable yield notes on indexes

By Susanna Moon

Chicago, Jan. 14 - Credit Suisse AG plans to price contingent coupon callable yield notes due Aug. 7, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its 65% barrier level on a quarterly observation date, the notes will pay a coupon at an annual rate of 6.25% to 7.25% for that quarter, with the exact rate to be set at pricing.

The payout at maturity will be par unless either index finishes below its 65% knock-in level, in which case investors will receive par plus the return of the worse performing index.

The notes will be callable at par on any interest payment date beginning Aug. 7.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on Feb. 4 and settle on Feb. 7.

The Cusip number is 22547QG34.

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