Credit Suisse plans contingent coupon callable yield notes on Russell

New York, Sept. 2 – Credit Suisse AG, London Branch plans to price 12% to 13% contingent coupon autocallable yield notes due Sept. 10, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Every six months, the notes will pay a contingent coupon unless the index closes below its coupon barrier level, 85% of its initial level, on the observation date for that period. The contingent coupon rate is expected to be 12% to 13% per year and will be set at pricing.

The payout at maturity will be par unless the index finishes below its knock-in level, 70% of its initial level, in which case investors will be fully exposed to the decline of the index.

Beginning March 7, 2016, the notes will be called at par plus the contingent coupon if the level of the index is at or above its initial level on any semi-annual observation date.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 4 and settle on Sept. 10.

The Cusip number is 22546VLD6.

The estimated initial value is $950.00 to $980.00 per $1,000 principal amount.

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