Published on 7/22/2022 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.12 million floating-rate securities linked to SOFR
Chicago, July 22 – Credit Suisse AG, London Branch priced $5.12 million of floating-rate securities due July 22, 2023 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly at a rate equal to compounded daily SOFR, subject to a floor of 3.08%.
The payout at maturity will be par plus any interest.
Citigroup Global Markets Inc. is the placement agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Floating-rate securities
|
| Underlying: | SOFR
|
| Amount: | $5,120,000
|
| Maturity: | July 22, 2023
|
| Coupon: | SOFR, subject to a floor of 3.08%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus any interest
|
| Pricing date: | July 19
|
| Settlement date: | July 21
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 22553QDW4
|
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