By William Gullotti
Buffalo, N.Y., Aug. 8 – Credit Suisse AG, London Branch priced $4.58 million of floating-rate securities due Nov. 8, 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 4% and a floor of 3.45%.
The payout at maturity will be par plus accrued and unpaid interest.
Citigroup Global Markets Inc. is the placement agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Floating-rate securities
|
| Underlying: | SOFR
|
| Amount: | $4.58 million
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| Maturity: | Nov. 8, 2023
|
| Coupon: | SOFR, subject to a ceiling of 4% and floor of 3.45%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 8
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.34%
|
| Cusip: | 22553QFV4
|
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