Credit Suisse Issues SGD 750 million 5.625 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes

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On 6 June 2019, Credit Suisse Group AG issued SGD 750 million 5.625 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes. The Notes are “high trigger” additional tier 1 capital instruments that are eligible to fulfill Credit Suisse’s Swiss going concern requirements. They feature a full contractual write-down if (among other events) Credit Suisse’s consolidated common equity tier 1 capital falls below 7 per cent. of its consolidated risk weighted assets. The Notes are traded on the SIX Swiss Exchange.

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