Credit Suisse plans callable contingent income notes linked to indexes

By Wendy Van Sickle

Columbus, Ohio, June 23 – Credit Suisse AG plans to price callable contingent income securities due July 3, 2018 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 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 13% per year if each index closes at or above its coupon barrier level, 70% of its initial level, on each trading day during that quarter.

If the lowest-performing index finishes at or above its knock-in level, 70% of its initial level, the payout at maturity will be par plus the final coupon. If the lowest-performing index finishes below its knock-in level, investors will be fully exposed to the decline of the lowest-performing index from its initial level.

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

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is distributor.

The notes will price June 28.

The Cusip number is 22548QBD6.

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