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Credit Suisse plans contingent coupon callable yield notes on indexes
By Susanna Moon
Chicago, Sept. 8 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Sept. 30, 2025 linked to the Russell 2000 index and the Euro Stoxx 50 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 10% if each index closes at or above its 70% barrier level on the observation date for that quarter.
The payout at maturity will be par unless any index finishes below its knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are callable at par on any interest payment date.
Incapital LLC is the placement agent.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number will be 22546VLF1.
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