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Credit Suisse plans contingent coupon callable yield notes on indexes
By Susanna Moon
Chicago, Dec. 30 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Jan. 29, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 8% to 8.5% if each index closes above its coupon barrier level, 70% of its initial level, on the observation date for that period.
The payout at maturity will be par unless either index finishes below its 70% knock-in level, in which case investors will be fully exposed to any loss of the worse performing index.
The notes will be callable at par plus any contingent coupon on any interest payment date.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 22 and settle on Jan. 29.
The Cusip number is 22546VTK2.
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