Credit Suisse to price leveraged buffered notes linked to indexes

By Devika Patel

Knoxville, Tenn., Nov. 19 – Credit Suisse AG, London branch, plans to price contingent coupon callable yield notes due Nov. 26, 2018 linked to the Russell 2000 index, the S&P 500 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 at least 10.15% if each index closes at or above its barrier level, 65% of the initial level, on the observation date for that period.

The notes will be callable in whole but not in part at par plus the contingent coupon on any quarterly interest payment on or after Feb. 25, 2016 but before the maturity date.

The payout at maturity will be par unless any of the indexes finishes at or below its 65% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

Barclays is the agent.

The notes (Cusip: 22546VQR0) are expected to price on Nov. 20 and settle on Nov. 25.

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