Credit Suisse plans contingent coupon callable notes on two indexes

By Marisa Wong

Madison, Wis., June 16 – Credit Suisse AG plans to price contingent coupon callable yield notes due June 24, 2022 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 contingent quarterly coupon at an annual rate of 6.1% if each index closes at or above its barrier level, 65% of the initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

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

The payout at maturity will be par unless either index finishes below its 50% knock-in level, in which case investors will be fully exposed to the decline of the worst-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 19 and settle on June 24.

The Cusip number is 22547QPC4.

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