Credit Suisse plans contingent coupon callable notes on three indexes

By Marisa Wong

Morgantown, W.Va., Dec. 1 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due June 7, 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.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 9% if each index closes at or above its coupon barrier level, 67.5% of its initial level, on the observation date for that quarter.

The notes are callable in whole but not in part at par on any coupon payment date.

The payout at maturity will be par unless any index finishes below its knock-in level, 67.5% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

The notes will price on Dec. 2.

The Cusip number is 22548QQ81.

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