Credit Suisse plans 9% contingent coupon callable notes on indexes

By Marisa Wong

Morgantown, W.Va., Jan. 7 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due July 13, 2018 linked to the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 9% per year unless any index closes below its barrier level, 60% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless any index finishes below its 60% knock-in level, in which case investors will be fully exposed to the decline of the least-performing index.

The notes are callable in whole but not in part at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 8.

The Cusip number is 22546VUD6.

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