Credit Suisse plans 10-year contingent income notes tied to S&P 500

By Susanna Moon

Chicago, July 13 – Credit Suisse AG plans to price contingent income securities due Aug. 3, 2026 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.7% if the index closes at or above the 75% coupon barrier level on a determination date for that quarter.

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

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on July 29 and settle on Aug. 3.

The Cusip number is 22548QCA1.

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