Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $8.54 million callable step-up notes with 3.25% start rate
By William Gullotti
Buffalo, N.Y., May 26 – Credit Suisse AG, London Branch priced $8.54 million of callable step-up securities due May 25, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3.25% initially, stepping up to 4.3% on May 25, 2023. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date starting Nov. 25, 2022.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Callable step-up securities
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| Amount: | $8.54 million
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| Maturity: | May 25, 2024
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| Coupon: | 3.25% initially, stepping up to 4.3% on May 25, 2023; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date starting Nov. 25, 2022
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| Pricing date: | May 23
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| Settlement date: | May 25
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 0.1999%
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| Cusip: | 22553PWH8
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