Credit Suisse plans contingent income callable notes tied to three indexes

By Susanna Moon

Chicago, Dec. 21 – Credit Suisse AG plans to price contingent income callable securities due Jan. 3, 2019 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12.9% if each index closes at or above its 75% coupon barrier on each day that quarter.

The notes will be callable at par on any quarterly redemption date beginning April 3, 2017.

The payout at maturity will be par plus the final contingent coupon unless any index finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.

The notes will price on Dec. 29.

The Cusip number is 22548QR80.

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