FWP 1 a19-21721_3fwp.htm FWP

 

Filed Pursuant to Rule 433

Issuer Free Writing Prospectus

Registration Statement No. 333-218604

November 4, 2019

 

 

$2,000,000,000

2.100% FIXED RATE SENIOR NOTES DUE 2021

FINAL PRICING TERM SHEET

 

Issuer:

 

Credit Suisse AG, acting through its New York Branch

Note type:

 

Fixed Rate Senior Notes

Format:

 

SEC Registered

Expected Issue Ratings(1)

 

A1 (stable) / A+ (stable)

Minimum denomination:

 

$250,000 x $1,000

Trade date:

 

November 4, 2019

Settlement date(2)

 

November 12, 2019 (T+5)

Maturity date:

 

November 12, 2021

Principal amount:

 

$2,000,000,000

Benchmark US Treasury:

 

T 1.500% due October 31, 2021

Benchmark US Treasury Yield:

 

1.586%

Spread to Benchmark:

 

+52bps

Reoffer yield:

 

2.106%

Coupon:

 

2.100%

Public offering price:

 

99.988%

Interest payment dates:

 

November 12 and May 12. First payment on May 12, 2020.

Day count:

 

30/360

CUSIP:

 

22550L2A8

ISIN:

 

US22550L2A85

Sole bookrunner:

 

Credit Suisse Securities (USA) LLC

Co-managers:

 

R. Seelaus & Co., LLC
Samuel A. Ramirez & Company, Inc.

 

(1) A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time.

 

(2) It is expected that delivery of the Fixed Rate Senior Notes will be made against payment therefor on or about the settlement date specified on  this communication, which will be the fifth business day following the date of pricing of the Fixed Rate Senior Notes (this settlement cycle being referred to as ‘‘T+ 5’’). Under Rule 15c6-1 of the SEC under the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Fixed Rate Senior Notes prior to their date of delivery may be required, by virtue of the fact that the Fixed Rate Senior Notes initially will settle in T+ 5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Fixed Rate Senior Notes who wish to trade Fixed Rate Senior Notes prior to their date of delivery should consult their own advisor.

 

The issuer has filed a registration statement, including a prospectus and a prospectus supplement with the SEC, for the offering to which this communication relates. Before you invest, you should read each of these documents and the other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037.