By William Gullotti
Buffalo, N.Y., June 28 – Credit Suisse AG, London Branch priced $5.3 million of floating-rate securities due July 24, 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 ceiling of 3.75% and a floor of 3.2%.
The payout at maturity will be par plus any interest.
Citigroup Global Markets Inc. is the placement agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Floating-rate securities
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Underlying: | SOFR
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Amount: | $5.3 million
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Maturity: | July 24, 2023
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Coupon: | SOFR, subject to a ceiling of 3.75% and floor of 3.2%; 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: | June 22
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Settlement date: | June 24
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Placement agent: | Citigroup Global Markets Inc.
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Fees: | 0.28%
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Cusip: | 22553QA23
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