New Issue: Credit Suisse prices $3 billion 3.625% 10-year notes at Treasuries plus 125 bps

By Aleesia Forni

Virginia Beach, Sept. 4 – Credit Suisse AG, acting through its New York branch, priced $3 billion of 3.625% 10-year notes due 2024 at Treasuries plus 125 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.

Pricing was at 99.436.

The notes (A1/A/) sold at the tight end of talk.

Credit Suisse Securities (USA) LLC was the bookrunner.

Proceeds will be used for general corporate purposes.

The financial services company is based in Zurich.

Issuer:	Credit Suisse AG, New York branch
Amount:	$3 billion
Description:	Notes
Maturity:	Sept. 9, 2024
Bookrunner:	Credit Suisse Securities (USA) LLC
Co-managers:	Lebenthal & Co., LLC, MFR Securities, Inc., Mischler Financial Group, Inc., Samuel A. Ramirez & Co., Inc.
Coupon:	3.625%
Price:	99.436
Spread:	Treasuries plus 125 bps
Trade date:	Sept. 4
Settlement date:	Sept. 9
Ratings:	Moody’s: A1
	Standard & Poor's: A
Price talk:	Treasuries plus 130 bps area

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