Credit Suisse plans trigger callable contingent yield notes on indexes

By Susanna Moon

Chicago, Feb. 2 – Credit Suisse AG, London branch plans to price trigger callable contingent yield notes due Feb. 9, 2018 linked to least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% to 12.5% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any coupon payment date other than the final one.

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

UBS Financial Services Inc. is the distributor.

The notes will price on Feb. 5 and settle on Feb. 10.

The Cusip number is 22548J531.

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