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Credit Suisse plans contingent coupon callable notes linked to indexes
By Susanna Moon
Chicago, Sept. 22 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Sept. 28, 2018 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 9.5% if each index closes at or above its coupon barrier level, 65% of its initial level, on any day during that quarter.
The payout at maturity will be par unless either index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are callable at par on any interest payment date after one year.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 23 and settle on Sept. 28.
The Cusip number is 22546VLT1.
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