Published on 5/9/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $15.4 million 4% callable fixed-rate securities
By Wendy Van Sickle
Columbus, Ohio, May 9 – Credit Suisse AG, London Branch priced $15.4 million of 4% callable fixed-rate securities due May 6, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The securities will be callable at par on any quarterly redemption date after one year.
The payout at maturity will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Callable fixed-rate securities
|
| Amount: | $15,401,000
|
| Maturity: | May 6, 2025
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| Coupon: | 4%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly redemption date after one year
|
| Pricing date: | May 4
|
| Settlement date: | May 6
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.352%
|
| Cusip: | 22553PTR0
|
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