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Credit Suisse plans 7.25% callable yield notes tied to S&P, Russell
New York, July 23 – Credit Suisse AG, London Branch, plans to price 7.25% callable yield notes due Nov. 4, 2019 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Credit Suisse may call the notes at par on Feb. 4, 2019, May 3, 2019 and Aug. 5, 2019.
The payout at maturity will be par unless either index closes below its knock-in level, expected to be 70% of its initial level, on any day during the life of the notes in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on July 31 and settle on Aug. 3.
The Cusip number is 22550BVV2.
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