Credit Suisse to price fixed-to-floating notes linked to ICE swap rate

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Credit Suisse AG, Nassau Branch plans to price fixed-to-floating-rate notes due Oct. 20, 2026 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 4% for the first three years. After that, the interest rate will be equal to the 10-year dollar ICE swap rate. Interest will be payable quarterly and cannot be less than zero.

The payout at maturity will be par.

Incapital LLC is the agent.

The notes will price Oct. 17.

The Cusip number is 22548QL37.

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