Credit Suisse plans contingent coupon callable notes linked to indexes

By Susanna Moon

Chicago, June 27 – Credit Suisse AG plans to price contingent coupon callable yield notes due July 1, 2019 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 8.5% if each index closes at or above its coupon barrier level, 60% of its initial level, on each trading day during that quarter.

The notes will be callable at par on any interest payment date beginning Oct. 3, 2016.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 28 and settle on July 1.

The Cusip number is 22548QBE4.

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