By Toni Weeks
San Luis Obispo, Calif., Jan. 29 – Credit Suisse AG, Nassau Branch priced $2 million of callable step-up securities due Jan. 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1.875% for the first 2.5 years and 2.875% after that. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on any semiannual interest payment date.
Incapital LLC is the placement agent.
| Issuer: | Credit Suisse AG, Nassau Branch
|
| Issue: | Callable step-up securities
|
| Amount: | $2 million
|
| Maturity: | Jan. 30, 2020
|
| Coupon: | 1.875% initially, stepping up to 2.875% on July 31, 2017; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on each semiannual interest payment date beginning July 30, 2015
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Agent: | Incapital LLC
|
| Fees: | 0.8%
|
| Cusip: | 22547QZX7
|
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