New Issue: Credit Suisse prices $8.33 million fixed-to-floaters linked to CMS rate

By Angela McDaniels

Tacoma, Wash., March 29 – Credit Suisse AG, Nassau Branch priced $8.33 million of fixed-to-floating-rate notes due March 30, 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 5% for the first three years. After that, the interest rate will be equal to the 10-year CMS rate, subject to a minimum of zero. Interest will be payable quarterly.

The payout at maturity will be par.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Fixed-to-floating-rate notes
Underlying rate:	10-year Constant Maturity Swap rate
Amount:	$8,328,000
Maturity:	March 30, 2026
Coupon:	5% for first three years; after that, 10-year CMS rate; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 28
Settlement date:	March 30
Agent:	Incapital LLC
Fees:	2.1%
Cusip:	22546VYQ3

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