Credit Suisse plans contingent coupon callable yield notes on Russell

By Tali Rackner

Norfolk, Va., Oct. 5 – Credit Suisse AG, London Branch plans to price 9% contingent coupon callable yield notes due Oct. 30, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Every quarter, the notes will pay a contingent coupon of about 9% per year unless the index closes below its coupon barrier level, around 70% of its initial level, on the observation date for that period.

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

The exact terms will be set at pricing.

The notes are callable at par plus the contingent coupon, if any, on any interest payment date beginning on Jan. 29, 2016 and excluding the maturity date.

Incapital LLC is the placement agent.

The notes will price on Oct. 27 and settle on Oct. 30.

The Cusip number is 22546VNM4.

The estimated initial value is $910 to $940 per $1,000 principal amount.

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