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Credit Suisse plans callable step-up notes with 2.5% initial rate
By Susanna Moon
Chicago, Jan. 12 – Credit Suisse AG, Nassau Branch plans to price callable step-up securities due Jan. 30, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.5% initially, stepping up to 4% on Jan. 30, 2020 and to 5% on Jan. 30, 2023. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarter review date after one year.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 25 and settle on Jan. 30.
The Cusip number is 22548QSY2.
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