Credit Suisse plans contingent coupon notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due July 29, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at the expected rate of at least 6.75% per year if each index closes at or above its knock-in level, 70% of its initial level, on the observation date for that quarter.

Beginning April 30, 2020, the notes will be callable at par quarterly.

The payout at maturity will be par unless any index finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Oct. 28.

The Cusip number is 22552FZ47.

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