Credit Suisse plans contingent coupon callable notes linked to indexes

By Susanna Moon

Chicago, Jan. 9 – Credit Suisse AG plans to price contingent coupon callable yield notes due Jan. 30, 2025 linked to the Euro Stoxx 50 index and the Russell 2000 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 8% if each component closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either underlying component finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing component.

The notes will be callable at par on any interest payment date.

Incapital LLC is the placement agent.

The notes will price on Jan. 27 and settle on Jan. 30.

The Cusip number is 22546V2D7.

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