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Credit Suisse plans contingent coupon callable yield notes on indexes
By Susanna Moon
Chicago, June 16 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 30, 2020 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 quarterly coupon at an annualized rate of 8.25% if each index closes above its 65% coupon barrier on the observation date for that quarter.
The notes are callable at par on any coupon payment date beginning Sept. 29, 2017.
The payout at maturity will be par unless any index finishes below its 65% knock-in level, in which case investors will lose 1% for each 1% decline of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will on price June 27 and settle June on 30.
The Cusip number is 22550BA37.
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