New Issue: Credit Suisse sells $1 million callable step-up notes with 1.75% initial rate

By Marisa Wong

Morgantown, W.Va., July 10 – Credit Suisse AG, Nassau Branch priced $1 million of callable step-up securities due June 30, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 1.75% initially, stepping up to 2% on Dec. 30, 2018, to 2.15% on June 30, 2019 and to 2.5% on Dec. 30, 2019. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par semiannually beginning on June 30, 2018.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable step-up securities
Amount:	$1 million
Maturity:	June 30, 2022
Coupon:	1.75% initially, stepping up to 2% on Dec. 30, 2018, to 2.15% on June 30, 2019 and to 2.5% on Dec. 30, 2019; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par semiannually beginning June 30, 2018
Pricing date:	June 27
Settlement date:	June 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22550BAS2

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