Corporate Press Release

Press Release

Credit Suisse announces redemption of its USD 1.25 billion 5.860% Fixed to Floating Rate Tier 1 Capital Notes and USD 750 million Floating Rate Tier 1 Capital Notes

Credit Suisse today announced the redemption of its USD 1.25 billion 5.860% Fixed to Floating Rate Tier 1 Capital Notes (NYSE: CSPA) and USD 750 million Floating Rate Tier 1 Capital Notes (NYSE: CSPB) on May 15, 2017. 

Credit Suisse AG, acting through its Guernsey branch, has elected to redeem all of its outstanding USD 1.25 billion 5.860% Fixed to Floating Rate Tier 1 Capital Notes (CUSIP No. 225448AA7/ ISIN No. US225448AA76) and USD 750,000,000 Floating Rate Tier 1 Capital Notes (CUSIP No. 225448AB5 / ISIN No. US225448AB59) (each a “Note” and together the “Notes”) on May 15, 2017. The redemption price will be equal to, for each Note, the principal amount of such Note, plus interest with respect to the then-current interest period accrued on a daily basis to (but excluding) the date fixed for redemption, plus all other due, but unpaid interest, if any, thereon, together with any additional amounts in respect of withholding taxes or other governmental charges due.

The Trustee, Paying Agent and Registrar are The Bank of New York Mellon. Payment of the redemption price for the Notes will be made on the redemption date only upon presentation and surrender of the Notes to The Bank of New York Mellon by hand or by mail at the following locations: 

 

First Class/Registered/Certified Mail Express Delivery Only By Hand Only
The Bank of New York
P.O. Box 396
Att:  Debt Processing Unit (ACT)
East Syracuse, NY  13057
The Bank of New York
111 Sanders Creek Parkway
East Syracuse, NY  13057
Att:  Corporate Trust Window
The Bank of New York
111 Sanders Creek Parkway
East Syracuse, NY  13057
Att:  Corporate Trust Window


Further information is included in the Notice of Redemption to be distributed by the Trustee, The Bank of New York Mellon, to holders.