Credit Suisse plans 6.5%-7% contingent coupon yield notes on indexes

By Susanna Moon

Chicago, July 9 - Credit Suisse AG, Nassau Branch plans to price contingent coupon yield notes due July 30, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 6.5% to 7% if each index closes at or above the 65% coupon barrier level on the observation date for that period. The exact contingent quarterly coupon will be set at pricing.

The notes will be callable at par on any contingent interest payment date beginning Jan. 30, 2014.

The payout at maturity will be par unless either index finishes at or below the 65% knock-in level, in which case investors will be fully exposed to the losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on July 25 and settle on July 30.

The Cusip number is 22547Q5X0.

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