Credit Suisse plans contingent coupon callable yield notes on indexes

By Marisa Wong

Madison, Wis., Sept. 11 – Credit Suisse AG plans to price contingent coupon callable yield notes due Sept. 30, 2024 linked to the Euro Stoxx 50 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 7% if each index closes at or above its coupon barrier level, 55% of the initial level, on the observation date for that quarter.

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

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 any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 22547QTH9.

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