Credit Suisse plans contingent coupon callable notes on three indexes

By Marisa Wong

Morgantown, W.Va., Dec. 4 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 8, 2022 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 annual rate of at least 7.75% if each underlying index closes at or above its 60% coupon barrier on the observation for that quarter.

The notes are callable in whole at par on any contingent coupon payment date.

The payout at maturity will be par unless any underlying index finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Dec. 5.

The Cusip number is 22550BSK0.

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