New Issue: Credit Suisse sells $8.83 million callable step-up notes with 2% initial rate

By Wendy Van Sickle

Columbus, Ohio, March 29 – Credit Suisse AG, Nassau Branch priced $8.83 million of callable step-up securities due Sept. 29, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2% initially, stepping up to 3% on March 29, 2019 and to 4% on March 29, 2020. Interest will be payable semiannually with the first interest payment date on Sept. 29, 2017.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning on Sept. 29, 2017.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable step-up securities
Amount:	$8,832,000
Maturity:	Sept. 29, 2020
Coupon:	2% initially, stepping up to 3% on March 29, 2019 and to 4% on March 29, 2020; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Sept. 29, 2017
Pricing date:	March 24
Settlement date:	March 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.89%
Cusip:	22548QVT9

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