New Issue: Credit Suisse prices $10 million callable step-up notes with 3.28% initial rate

By Angela McDaniels

Tacoma, Wash., May 27 – Credit Suisse AG, Nassau Branch priced $10 million of callable step-up securities due May 31, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3.28% in years one through three, 3.53% in years four through six, 3.78% in years seven and eight, 4.03% in years nine and 10, 4.28% in years 11 and 12, 4.53% in year 13 and 5.28% in year 14. Interest is payable semiannually.

The payout at maturity will be par.

Beginning May 31, 2018, the notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable step-up securities
Amount:	$10 million
Maturity:	May 31, 2030
Coupon:	3.28% in years one through three, 3.53% in years four through six, 3.78% in years seven and eight, 4.03% in years nine and 10, 4.28% in years 11 and 12, 4.53% in year 13 and 5.28% in year 14; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	Beginning May 31, 2018, notes are callable at par on any interest payment date
Pricing date:	May 25
Settlement date:	May 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22548Q7D1

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