Credit Suisse plans contingent coupon callable yield notes on indexes

New York, July 21 – Credit Suisse AG, London Branch, plans to price contingent coupon callable yield notes due July 26, 2019 linked to the lowest performing of 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 expected annualized rate of at least 7.9% if each index closes above its coupon barrier level, expected to be 70% of its initial level, on the observation date for that quarter. The exact coupon and barrier will be set at pricing.

The notes are callable in whole but not in part at par on any quarterly call date before the maturity date beginning Oct. 26, 2017.

The payout at maturity will be par unless any of the indexes finishes below its knock-in level, expected to be 70% of the initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level. The exact knock-in level will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on July 24 and settle on July 26.

The Cusip is 22550BDP5.

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