By Toni Weeks
San Luis Obispo, Calif., April 29 - Credit Suisse AG, Nassau Branch priced $8.5 million of callable step-up securities due April 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3% for the first five years and will step up to 4.25% on April 30, 2019. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after five years.
Incapital LLC is the agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable step-up securities
|
| Amount: | $8.5 million
|
| Maturity: | April 30, 2024
|
| Coupon: | 3% initially, stepping up to 4.25% on April 30, 2019; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any semiannual interest payment date beginning April 30, 2019
|
| Pricing date: | April 28
|
| Settlement date: | April 30
|
| Agent: | Incapital LLC
|
| Fees: | 1.6765%
|
| Cusip: | 22547QM78
|
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