By Wendy Van Sickle
Columbus, Ohio, June 7 – Credit Suisse AG, London Branch priced $1.95 million of floating-rate notes due June 3, 2025 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is equal to compounded daily SOFR. Interest is payable quarterly and cannot be less than 3%.
The payout at maturity will be par plus any interest.
J.P. Morgan Securities LLC is the placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Floating-rate notes
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Underlying: | SOFR
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Amount: | $1.95 million
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Maturity: | June 3, 2025
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Coupon: | SOFR, subject to a floor of 3%; payable quarterly
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Price: | Par
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Payout at maturity: | Par plus any interest
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Pricing date: | May 31
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Settlement date: | June 3
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Placement agent: | J.P. Morgan Securities LLC
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Fees: | 0.928%
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Cusip: | 22553PZF9
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