Credit Suisse plans contingent coupon callable yield notes on indexes

By Jennifer Chiou

New York, Feb. 11 - Credit Suisse AG plans to price contingent coupon callable yield notes due Sept. 19, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its barrier level, 65% of its initial level, on the observation date for that quarter. The contingent coupon is expected to be 6.5% to 7.5% per year and will be set at pricing.

The payout at maturity will be par unless any index finishes below its barrier level, in which case investors will be fully exposed to the decline of the worst-performing index.

Beginning on Sept. 19, 2014, the notes are callable at par on any interest payment.

The notes (Cusip: 22547QHU3) are expected to price on March 14 and settle on March 19.

Credit Suisse Securities (USA) LLC is the agent.

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