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Credit Suisse plans contingent coupon callable notes on three indexes
By Marisa Wong
Morgantown, W.Va., June 22 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 28, 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.
Each quarter, the notes will pay a coupon at an annualized rate of at least 8.25% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.
The notes are callable in whole at par on any coupon payment date prior to maturity.
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.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 23.
The Cusip number is 22550BBM4.
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