Credit Suisse plans contingent callable notes on S&P, Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Feb. 11, 2019 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a quarterly coupon of at least 9.25% per annum if the each of the indexes closes above its barrier level, expected to be 60% of the initial levels, on the review date for that quarter.

The payout at maturity will be par unless any index closes below its barrier level in which case investors will be fully exposed to the loss of the worst performing index.

The notes will be callable at par plus the contingent coupon on any payment date.

Credit Suisse Securities (USA) LLC is the agent.

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

The Cusip number is 22546VQZ2.

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