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Credit Suisse plans callable step-up securities with 2% start rate
By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – Credit Suisse AG, Nassau Branch plans to price callable step-up securities due Sept. 15, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2% initially, stepping up to 2.5% on Sept. 15, 2019, to 3% on Sept. 15, 2021, to 3.5% on Sept. 15, 2022 and to 4% on March 15, 2023. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning on Sept. 15, 2017.
Incapital LLC is the placement agent.
The notes will price on Sept. 12.
The Cusip number is 22548QH24.
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