Credit Suisse to price contingent income securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 12 – Credit Suisse AG plans to price contingent income securities due Sept. 3, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a coupon at the rate of at least 7.25% per year if the index closes at or above the coupon barrier level, 75% of the initial index level, on the observation date for that quarter. The exact contingent coupon rate will be set at pricing.

If the index finishes at or above the knock-in level, 50% of its initial level, the payout at maturity will be par plus the final coupon, if applicable. If the index finishes below the knock-in level, investors will be fully exposed to the index’s decline.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is acting as distributor.

The notes will price Aug. 31.

The Cusip number is 22548QEE1.

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