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Credit Suisse plans contingent coupon callable yield notes on two indexes
By Susanna Moon
Chicago, Sept. 6 - Credit Suisse AG plans to price contingent coupon callable yield notes Oct. 2, 2018 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 pay a contingent quarterly coupon of at an annual rate of 6% to 7% if each index closes at or above its barrier level, 65% of the initial level, on the observation date for that quarter. The exact contingent quarterly coupon will be set at pricing.
The notes will be callable at par plus the contingent coupon on any interest payment beginning April 2, 2014.
The payout at maturity will be par unless either index finishes at or below its 65% 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. 27 and settle on Oct. 2.
The Cusip number is 22547QB54.
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