Obligation Swiss Credit 7.5% ( USH3698DBW32 ) en USD

Swiss Credit

100 % ⇌

Suisse

USH3698DBW32 ( en USD )

7.5% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation Credit Suisse USH3698DBW32 en USD 7.5%, échéance Perpétuelle

H3698DBW3

17/07/2025 ( Dans 55 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 USD, avec le code ISIN USH3698DBW32, paye un coupon de 7.5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le Perpétuelle

USD 2,000,000,000
7.500% PERPETUAL TIER 1 CONTINGENT WRITE-DOWN CAPITAL NOTES
FINAL TERM SHEET
JULY 9, 2018

The notes have not been and wil not be registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or the securities laws of any other jurisdiction. The notes may not be offered or sold in the United States or to U.S.
persons (as defined in Regulation S under the Securities Act) except in transactions exempt from, or not subject to, the
registration requirements of the Securities Act. Accordingly, the notes are being offered only to (1) persons reasonably
believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act and (2) outside the United
States solely to non-U.S. persons in compliance with Regulation S under the Securities Act.

This term sheet supplements the information under "Summary" and the pricing terms in the Issuer's preliminary
Information Memorandum dated July 8, 2018 (the "Information Memorandum")

Issuer:
Credit Suisse Group AG
Note Type:
Perpetual Tier 1 Contingent Write-down Capital Notes
Form at:
144A / Regulation S
Expected Issue Ratings(1):
S&P: BB- / Fitch: BB
Minim um Denom ination:
$200,000 x $1,000
Trade Date:
July 9, 2018
Settlem ent Date:
July 16, 2018 (T+5)(2)
Maturity Date:
Perpetual
Principal Am ount:
USD 2,000,000,000
Reoffer Yield:
7.500%
Coupon:
Fixed rate at 7.500% from 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 USD 5 year swap + initial credit spread of 460.1bps;
semi-annual coupons; discretionary; non-cumulative; dividend stopper; subject to
write-down, as set out in the Information Memorandum.
First Optional Redem ption Date
July 17, 2023
(Issuer Call):
Public Offering Price:
100.000%
Underwriting Fee:
1.500%
All-in Price:
98.500%
Net Proceeds Before Expenses:
$1,970,000,000
Interest Paym ent Dates:
January 17 and July 17 of each year, commencing on January 17, 2019 (long first
coupon)
Interest Determ ination Date for
Two London business days prior to the first day of the relevant Reset Interest
each Reset Interest Period:
Period
Day Count:
30/360, unadjusted
Business Days:
New York and Zurich
Discretionary Interest
Payments of interest wil be made at the sole discretion of the Issuer and wil be
Paym ents:
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 Redem ption (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
Reset 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 the date of redemption.
Tax Redem ption:
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 wil 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 the date
of redemption.
Capital Event (Regulatory)
If a "Capital Event" occurs, wherein a change in the National Regulations and/or
Redem ption:
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 (i ) 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 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.
Liquidation Ranking:
The notes wil 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 shal rank (i) junior to al claims of Priority Creditors, (i ) pari passu with
Parity Obligations and (i i) senior to the rights and claims of al holders of Junior
Capital.
See "Terms and Conditions of the Notes--Condition 4(b) "Definitions"" in the
Information Memorandum for the definitions of Holders, Priority Creditors, Parity
Obligations and Junior Obligations.
Write-down:
If a Contingency Event, or prior to a Statutory Loss Absorption Date (if any),
Viability Event occurs, the full principal amount of the notes wil 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 wil use the net proceeds from the sale of the notes for general
corporate purposes.
Listing:
SIX Swiss Exchange
Governing Law / Forum :
Swiss law / Zurich
Rule 144A ISIN:
US225401AJ72
Rule 144A CUSIP:
225401AJ7
Reg S ISIN:
USH3698DBW32
Reg S CUSIP:
H3698DBW3
Sole Active Book-Running
Credit Suisse Securities (USA) LLC
Manager:
Passive Book -Running
Wells Fargo Securities, LLC
Manager:

USD 2,000,000,000
7.500% PERPETUAL TIER 1 CONTINGENT WRITE-DOWN CAPITAL NOTES
FINAL TERM SHEET
JULY 9, 2018
Joint Lead Managers:
Banca IMI S.p.A.
Banco Santander, S.A.
BBVA Securities Inc.
Danske Bank A/S
Deutsche Bank Securities Inc.
NatWest Markets Securities Inc.
Rabo Securities USA, Inc.
RBC Capital Markets, LLC
Société Générale
TD Securities (USA) LLC
UniCredit Capital Markets LLC
Co-Managers:
ANZ Securities, Inc.
BB&T Capital Markets, a division of BB&T Securities, LLC
BMO Capital Markets Corp.
BNY Mellon Capital Markets, LLC
Capital One Securities, Inc.
CIBC World Markets Corp.
Citigroup Global Markets Inc.
Citizens Capital Markets, Inc.
Fifth Third Securities, Inc.
HSBC Securities (USA) Inc
The Huntington Investment Company
KeyBanc Capital Markets Inc.
Morgan Stanley & Co. LLC
nabSecurities, LLC
Scotia Capital (USA) Inc.
SunTrust Robinson Humphrey, 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) Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market general y are required to
settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade
notes prior to their date of delivery may be required, by virtue of the fact that the notes initial y 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 notes who wish to trade notes prior to their
date of delivery should consult their own advisor.

This communication is being distributed in the United States solely to persons reasonably believed to be "qualified institutional buyers", as
defined in Rule 144A under the Securities Act and outside the United States solely to non-U.S. persons as defined under Regulation S
under the Securities Act.

The notes are not intended to be offered, sold or otherwise made available and should not be offered, sold or otherwise made available to
retail clients in the European Economic Area (the ``EEA''), as defined in the rules set out in the Markets in Financial Instruments Directive
2014/65/EU (as amended) (``MiFID II''). No key information document required by Regulation (EU) No. 1286/2014 (the ``PRIIPs
Regulation'') has been prepared. Prospective investors are referred to the section headed ``Restrictions on marketing and sales to retail
investors in the EEA'' on page 2 of the Information Memorandum for further information.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person
to whom it is unlawful to make such offer or solicitation in such jurisdiction.

Certain of the Joint Lead Managers and Co-Managers are not U.S. registered broker-dealers, and wil not effect any offers or sales of any
notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of the Financial
Industry Regulatory Authority, Inc.