Credit Suisse to price fixed-to-floaters linked to 10-year CMS rate

By Wendy Van Sickle

Columbus, Ohio, Feb. 4 – Credit Suisse AG, London Branch plans to price fixed to floating rate securities due Feb. 10, 2026 linked to the 10-Year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 4% for the first three years. After that, the interest rate will be equal to the 10-year CMS rate. Interest is payable quarterly and cannot be less than zero.

The payout at maturity will be par plus the interest due.

Incapital LLC is the placement agent.

The notes will price Feb. 5 and settle on Feb. 10.

The Cusip number is 22546VUX2.

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