Credit Suisse Said to Give Guidance For Contingent Capital Notes

Credit Suisse Group AG (CSGN) is selling at least 250 million Swiss francs of contingent capital notes, according to a person with knowledge of the transaction.

The so-called high-trigger buffer capital notes may pay a coupon of about 7 percent to 7.25 percent and will mature in March 2022, the person said. The securities, which are callable in 2017, convert into shares if the bank’s core tier 1 capital drops below 7 percent, the person said.

To contact the editor responsible for this story: Ben Martin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.