Published on 1/31/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.44 million callable step-up notes with 2.5% initial rate
By Marisa Wong
Morgantown, W.Va., Jan. 31 – Credit Suisse AG, Nassau Branch priced $6.44 million of callable step-up securities due Jan. 31, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.5% initially, stepping up to 3% on Jan. 31, 2020, to 4.5% on Jan. 31, 2021 and to 5% on July 31, 2021. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Jan. 31, 2018.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, Nassau Branch
|
Issue: | Callable step-up securities
|
Amount: | $6,438,000
|
Maturity: | Jan. 31, 2022
|
Coupon: | 2.5% initially, stepping up to 3% on Jan. 31, 2020, to 4.5% on Jan. 31, 2021 and to 5% on July 31, 2021; payable semiannually
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | At par on any interest payment date beginning Jan. 31, 2018
|
Pricing date: | Jan. 26
|
Settlement date: | Jan. 31
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.91%
|
Cusip: | 22548QS97
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.