Credit Suisse plans contingent coupon callable notes on S&P 500, Dow

By Susanna Moon

Chicago, Dec. 16 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 24, 2018 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 7.25% if each index closes above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either index finishes below its 65% knock-in level, in which case investors will be fully exposed to any loss of the worse performing index.

The notes will be callable at par plus any contingent coupon on any interest payment date beginning March 22, 2016.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Dec. 17 and settle on Dec. 22.

The Cusip number is 22546VSS6.

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