Credit Suisse plans 6% contingent coupon callables on three indexes

By Susanna Moon

Chicago, Sept. 6 – Credit Suisse AG, London branch plans to price contingent coupon callable yield notes due Sept. 28, 2023 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 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% if each index closes at or above its 60% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless any underlying index closes 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 Sept. 25.

The Cusip number is 22551L7K0.

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