Credit Suisse plans callable contingent income notes linked to indexes

By Marisa Wong

Morgantown, W.Va., April 27 – Credit Suisse AG plans to price callable contingent income securities due May 2, 2018 linked to the S&P 500 index, the Russell 2000 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 13.4% if each index closes at or above the coupon barrier level, 75% of the initial index level, on the observation date for that quarter.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

The notes will be callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management will handle distribution.

The notes will price on April 29 and settle on May 5.

The Cusip number is 22548Q5E1.

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