Obligation Swiss Credit 5.625% ( CH0482172324 ) en SGD

Swiss Credit

100 % ⇌

Suisse

CH0482172324 ( en SGD )

5.625% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation Credit Suisse CH0482172324 en SGD 5.625%, échéance Perpétuelle

06/12/2025 ( Dans 153 jours )

Credit Suisse était une grande banque suisse, active dans la gestion de fortune, l'investissement bancaire et les services financiers, avant sa prise de contrôle par UBS en mars 2023 suite à une crise de confiance.

L'Obligation émise par Swiss Credit ( Suisse ) , en SGD, avec le code ISIN CH0482172324, paye un coupon de 5.625% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le Perpétuelle

SGD 750,000,000
5.625% PERPETUAL TIER 1 CONTINGENT WRITE-DOWN CAPITAL NOTES
FINAL TERM SHEET

Issuer:
Credit Suisse Group AG
Issuer Ratings:
Moody's: Baa2 / S&P: BBB+ / Fitch: A-
Note Type:
Perpetual Tier 1 Contingent Write-down Capital Notes
Format:
Regulation S
Expected Issue Ratings:
S&P: BB- / Fitch: BB
Minimum Denomination:
SGD 250,000 x SGD 250,000
Trade Date:
May 29, 2019
Settlement Date:
June 6, 2019 (T+5)
Maturity Date:
Perpetual
Principal Amount:
SGD 750,000,000
Reoffer Yield:
5.625%
Coupon:
Fixed rate at 5.625% from (and including) the Issue Date to (but excluding) the
First Optional Redemption Date; reset on the First Optional Redemption Date and
every fifth anniversary thereafter (each such date, a "Reset Date", and each period
from (and including) a Reset Date to (but excluding) the next succeeding Reset
Date, a "Reset Interest Period") at 5-year SGD Swap Offer Rate + initial credit
spread of 376.7bps; semi-annual coupons; discretionary; non-cumulative; dividend
stopper; subject to write-down, as set out in the Information Memorandum.
First Optional Redemption Date
June 6, 2024
(Issuer Call):
Public Offering Price:
100.000%
All-in Price:
98.750%
Net Proceeds Before Expenses:
SGD 740,625,000
Interest Payment Dates:
June 6 and December 6 of each year, commencing on December 6, 2019
Interest Determination Date for
At 12:00 pm London time, two Business Days prior to the first day of the relevant
each Reset Interest Period:
Reset Interest Period
Day Count:
Actual/365 (fixed), unadjusted
Business Days:
London, Singapore, and Zurich
Discretionary Interest Payments:
Payments of interest will be made at the sole discretion of the Issuer and will be
subject to mandatory cancellation if the Issuer does not have sufficient distributable
profits, would not be in compliance with its minimum regulatory capital adequacy
requirements or the Swiss Financial Market Supervisory Authority FINMA prohibits
the Issuer from making such payment.
Optional Redemption (Issuer
Subject to having obtained the prior approval of the Swiss Financial Market
Call):
Supervisory Authority FINMA if then required under Swiss banking laws applicable
to the Issuer from time to time, the Issuer may at its option redeem the notes, in
whole but not in part, on the First Optional Redemption Date or any Interest
Payment Date thereafter, on giving not less than 30 nor more than 60 days' notice,
at a redemption price equal to 100% of the principal amount, together with
accrued interest to (but excluding) the date of redemption.

Tax Redemption:
Subject to having obtained the prior approval of the Swiss Financial Market
Supervisory Authority FINMA if then required under Swiss banking laws applicable
to the Issuer from time to time, if the Issuer has or will become obliged to pay
additional amounts in respect of the notes as a result of any change in or
amendment to relevant tax laws or regulations, and subject to certain conditions,
the Issuer may at its option redeem the notes, in whole but not in part, at any time
on giving not less than 30 nor more than 60 days' notice, at a redemption price
equal to 100% of the principal amount, together with accrued interest to (but
excluding) the date of redemption.
Capital Event (Regulatory)
If a "Capital Event" occurs, wherein a change in the National Regulations and/or
Redemption:
BIS Regulations occurs on or after the Issue Date having the effect that the entire
principal amount of the notes ceases to be eligible to be both (i) treated as
Additional Tier 1 Capital under BIS Regulations and (ii) counted towards the Going
Concern Requirement, the Issuer may at its option redeem the notes, in whole but
not in part, at any time on giving not less than 30 nor more than 60 days' notice, at
a redemption price equal to 100% of the principal amount, together with accrued
interest to (but excluding) the date of redemption.
See "Terms and Conditions of the Notes--Condition 18 "Definitions"" in the
Information Memorandum for the definitions of National Regulations, Additional Tier
1 Capital, BIS Regulations and Going Concern Requirement.
Status of the Notes:
The notes will constitute direct, unsecured and subordinated obligations of the
Issuer and will rank pari passu and without any preference among themselves. The
rights and claims of Holders are subordinated.
The notes shall rank (i) junior to all claims of Priority Creditors, (ii) pari passu with
Parity Obligations and (iii) senior to the rights and claims of all holders of Junior
Capital.
See "Terms and Conditions of the Notes--Condition 4(b) "Definitions"" in the
Information Memorandum for the definitions of Priority Creditors, Parity Obligations
and Junior Capital.
Write-down:
If a Contingency Event, or prior to a Statutory Loss Absorption Date (if any), a
Viability Event occurs, the full principal amount of the notes will be mandatorily and
permanently written down. The notes are not convertible into shares of the Issuer
upon the occurrence of a Contingency Event or a Viability Event or at the option of
the Holders at any time.
See "Terms and Conditions of the Notes--Condition 7 "Write-down"" in the
Information Memorandum for the definitions of Contingency Event, Statutory Loss
Absorption Date and Viability Event.
CET1 Write-down Trigger:
7.00%, based on Credit Suisse Group AG consolidated CET1 ratio.
Use of Proceeds:
The Issuer will use the net proceeds from the sale of the notes for general
corporate purposes.
Documentation:
Standalone documentation Preliminary Information Memorandum dated May 28,
2019 and the Information Memorandum to be dated June 3, 2019.
Selling Restrictions:
Reg S only; Cat 2
The offer and sale of the notes will be subject to selling restrictions in various
jurisdictions as further set out in the Information Memorandum and in particular,
those of the EEA, United States of America, United Kingdom (including, but not
limited to the PI Instrument), Singapore, Hong Kong, Japan, The People's Republic
of China and Australia.
Target Market:
Manufacturer target market (MIFID II product governance) is eligible counterparties
and professional clients only (all distribution channels). No PRIIPs key information
document (KID) has been prepared as the notes are not available to retail in the
EEA. No sales to retail investors in the EEA, as defined under MiFID II.
Listing:
SIX Swiss Exchange
Clearing:
SIX SIS AG / Euroclear / Clearstream
Governing Law / Forum:
Swiss Law / Zurich
ISIN / SSN:
CH0482172324 / 48217232
Sole Global Coordinator:
Credit Suisse Securities (Europe) Limited
Joint Bookrunners:
Credit Suisse, DBS Bank Ltd., OCBC, Standard Chartered Bank, UOB
Joint Lead Manager:
HSBC
Co-Managers:
Danske Bank, Deutsche Bank, NatWest Markets, Nordea, Rabobank

This document has been prepared by the Managers for information purposes only. This document is an indicative summary of the terms
and conditions of the transaction described herein and may be amended, superseded or replaced by subsequent summaries. The final
terms and conditions of the transaction and any related security will be set out in full in the applicable offering document(s), pricing
supplement or binding transaction document(s).

This document shall not constitute an underwriting commitment, an offer of financing, an offer to sell, or the solicitation of an offer to buy
any securities described herein, which shall be subject to the Managers' internal approvals and satisfaction of all appropriate conditions
precedent. No transaction or service related thereto is contemplated without the Managers' subsequent formal agreement.

The Managers are not responsible for providing or arranging for the provision of any general financial, strategic or specialist advice,
including legal, regulatory, accounting, model auditing or taxation advice or services or any other services in relation to the transaction
and/or any related securities described herein. The Managers are acting solely in the capacity of arms' length contractual counterparty
and not as adviser, agent or fiduciary to any person. The Managers accept no liability whatsoever to the fullest extent permitted by law for
any consequential losses arising from the use of this document or reliance on the information contained herein.

The Managers do not guarantee the accuracy or completeness of information which is contained in this document and which is stated to
have been obtained from or is based upon trade and statistical services or other third party sources. Any data on past performance,
modelling, scenario analysis or back-testing contained herein is no indication as to future performance. No representation is made as to
the reasonableness of the assumptions made within or the accuracy or completeness of any modelling, scenario analysis or back-testing.
All opinions and estimates are given as of the date hereof and are subject to change. The value of any investment may fluctuate as a result
of market changes. The information in this document is not intended to predict actual results and no assurances are given with respect
thereto.

The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, as defined in
Regulation S under the Securities Act. This document is not intended for distribution to and must not be passed on to any retail client.

Singapore SFA Product Classification: The Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1)
of the SFA), that the Notes are `prescribed capital markets products' (as defined in the CMP Regulations 2018) and Excluded Investment
Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on
Recommendations on Investment Products).

NO ACTION HAS BEEN MADE OR WILL BE TAKEN THAT WOULD PERMIT A PUBLIC OFFERING OF ANY SECURITIES
DESCRIBED HEREIN IN ANY JURISDICTION IN WHICH ACTION FOR THAT PURPOSE IS REQUIRED. NO OFFERS, SALES,
RESALES OR DELIVERY OF ANY SECURITIES DESCRIBED HEREIN OR DISTRIBUTION OF ANY OFFERING MATERIAL
RELATING TO ANY SUCH SECURITIES MAY BE MADE IN OR FROM ANY JURISDICTION EXCEPT IN CIRCUMSTANCES WHICH
WILL RESULT IN COMPLIANCE WITH ANY APPLICABLE LAWS AND REGULATIONS AND WHICH WILL NOT IMPOSE ANY
OBLIGATION ON THE MANAGERS OR ANY OF THEIR AFFILIATES.

The Managers, their affiliates and the individuals associated therewith may (in various capacities) have positions or deal in transactions or
securities (or related derivatives) identical or similar to those described herein.

This document is confidential, and no part of it may be reproduced, distributed or transmitted without the prior written permission of the
Managers.