Credit Suisse to price callable cert plus securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 21 – Credit Suisse AG, London Branch plans to price 0% callable cert plus securities due Jan. 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning Jan. 30, 2017, the notes will be callable quarterly at par plus a call return of 18% per year.

If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus at least 225% of the index return.

If the final index level is less than or equal to the initial index level but greater than the knock-in level, expected to be 65% of the initial level, the payout will be par.

If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline.

The exact upside participation rate and knock-in level will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Jan. 25.

The Cusip number is 22546VV29.

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