Credit Suisse plans 6.25%-8.25% contingent rate callables on indexes

By Susanna Moon

Chicago, July 6 – Credit Suisse AG, London branch plans to price contingent coupon callable yield notes due July 27, 2021 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.25% to 8.25% if each underlying index closes at or above its 70% coupon barrier on each trading day for that quarter.

The notes are callable at par on any determination date after six months.

The payout at maturity will be par unless either underlying index closes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on July 24.

The Cusip number is 22550WZV2.

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