Credit Suisse plans contingent coupon callable notes tied to Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Jan. 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 7% per year unless the index closes below its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless the index finishes below its knock-in level, 60% of its initial level, in which case investors will be fully exposed to the index’s decline.

The notes are callable at par on any interest payment date.

Incapital LLC is the agent.

The notes will price on Jan. 26 and settle on Jan. 29.

The Cusip number is 22546VTX4.

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