Credit Suisse plans 8.5%-9.5% contingent coupon callables on indexes

By Susanna Moon

Chicago, Aug. 30 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Sept. 29, 2020 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annual rate of 8.5% to 9.5% if each index closes at or above its 70% coupon barrier on the observation date for that period.

The notes are callable on any review date.

The payout at maturity will be par unless either index finishes below its 70% knock-in level, in which case investors will receive par plus the return of the worse performing index, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 22.

The Cusip number is 22550BG23.

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