New Issue: Credit Suisse prices $9.42 million step-up securities with 4.1% initial rate

By Wendy Van Sickle

Columbus, Ohio, Aug. 1 – Credit Suisse AG, London Branch priced $9.42 million of step-up securities due Jan. 29, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4.1% initially, steps up to 4.5% on July 29, 2023. Interest is payable quarterly.

The payout at maturity will be par.

Wells Fargo Securities, LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Step-up securities
Amount:	$9,424,000
Maturity:	Jan. 29, 2024
Coupon:	4.1% initially, stepping up to 4.5% on July 29, 2023; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	July 27
Settlement date:	July 29
Agent:	Wells Fargo Securities, LLC
Fees:	0%
Cusip:	22553QDS3

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