By Aleesia Forni
Virginia Beach, Oct. 24 – Credit Suisse AG, acting through its New York branch, priced $2 billion of 3% seven-year senior notes (A1/A/A) at Treasuries plus 117 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.
The notes sold tighter than guidance.
Pricing was at 99.4 to yield 3.096%.
Credit Suisse Securities (USA) LLC was the bookrunner.
Proceeds will be used for general corporate purposes.
The financial services company is based in Zurich.
| Issuer: | Credit Suisse AG, New York branch
|
| Amount: | $2 billion
|
| Description: | Senior notes
|
| Maturity: | Oct. 29, 2021
|
| Bookrunner: | Credit Suisse Securities (USA) LLC
|
| Co-managers: | MFR Securities Inc., Mischler Financial Group Inc., Samuel A. Ramirez & Co. Inc.
|
| Coupon: | 3%
|
| Price: | 99.4
|
| Yield: | 3.096%
|
| Spread: | Treasuries plus 117 bps
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 29
|
| Ratings: | Moody’s: A1
|
| Standard & Poor's: A
|
| Fitch: A
|
| Price guidance: | Treasuries plus 125 bps area
|
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