Credit Suisse revises dates for contingent coupon callable yield notes tied to S&P 500, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., March 11 - Credit Suisse AG, Nassau Branch amended the dates for its offering of contingent coupon callable yield notes linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will now mature March 27, 2018. Previously they were due April 5, 2018.

In addition, the notes are expected to price March 22 and settle March 27, pushed up from April 2 and April 5, respectively.

As previously noted, the notes will pay a quarterly coupon of 6% to7% per year if each index closes at or above the 65% barrier level on the observation date for that quarter. Otherwise, no coupon will be paid that period. The exact contingent coupon will be set at pricing.

The notes are callable at par plus the contingent coupon on any interest payment date after one year.

The payout at maturity will be par unless either index finishes at or below the 65% knock-in level, in which case investors will receive par plus the return of the worst- performing index.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22546T3S8.

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