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

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 14, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay quarterly coupon at an annualized rate of 7.8% if the index closes above its barrier level, 70% of its initial level, on the observation date for that quarter.

The notes are callable at par on any coupon payment date after one year.

The payout at maturity will be par unless the index finishes below its 50% knock-in level, in which case investors will be exposed to any losses.

Incapital LLC is the placement agent.

The notes will price on Dec. 12 and settle on Dec. 14.

The Cusip number is 22548QQ40.

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