New Issue: Credit Suisse sells $2.05 million of callable step-up notes with 2.75% start rate

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Credit Suisse AG, Nassau Branch priced $2.05 million of callable step-up securities due Dec. 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2.75% initially, stepping up to 3% on Dec. 29, 2020, to 4% on Dec. 29, 2021 and to 5% on Dec. 29, 2022. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning Dec. 29, 2017.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable step-up securities
Amount:	$2,051,000
Maturity:	Dec. 29, 2023
Coupon:	2.75% initially, stepping up to 3% on Dec. 29, 2020, to 4% on Dec. 29, 2021 and to 5% on Dec. 29, 2022; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Dec. 29, 2017
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.75%
Cusip:	22548QPW9

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