New Issue: Credit Suisse prices $10 million callable step-up notes with 2% initial rate

By Marisa Wong

Morgantown, W.Va., Oct. 6 – Credit Suisse AG, Nassau Branch priced $10 million of callable step-up securities due Sept. 30, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 2% for the first three years, stepping up to 3% on Sept. 30, 2019, to 4% on Sept. 30, 2022, to 6% on Sept. 30, 2024 and to 8% on Sept. 30, 2025. Interest is payable quarterly.

The payout at maturity will be par.

Beginning Sept. 30, 2017, the notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable step-up securities
Amount:	$10 million
Maturity:	Sept. 30, 2026
Coupon:	2% for the first three years, stepping up to 3% on Sept. 30, 2019, to 4% on Sept. 30, 2022, to 6% on Sept. 30, 2024 and to 8% on Sept. 30, 2025; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	Beginning Sept. 30, 2017, notes are callable at par on any interest payment date
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22548QGG4

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