EX-25.3 10 tm2019510d2_ex25-3.htm EXHIBIT 25.3

 

Exhibit 25.3

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1

 

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           ¨

 

 

 

THE BANK OF NEW YORK MELLON

(Exact name of trustee as specified in its charter)

 

New York
(Jurisdiction of incorporation
if not a U.S. national bank)		 13-5160382
(I.R.S. employer
identification no.)
   
240 Greenwich Street, New York, N.Y.
(Address of principal executive offices)		 10286
(Zip code)

 

 

 

Credit Suisse (USA), Inc.

(Exact name of obligor as specified in its charter)

 

Delaware
(State or other jurisdiction of
incorporation or organization)		 13-1898818
(I.R.S. employer
identification no.)
   
Eleven Madison Avenue
New York, New York
(Address of principal executive offices)
10010
(Zip code)

 

Credit Suisse Group AG

(Exact name of obligor as specified in its charter)

 

Canton of Zurich, Switzerland
(State or other jurisdiction of
incorporation or organization)		 98-0215385
(I.R.S. employer
identification no.)
   
Paradeplatz 8, 8001
Zurich, Switzerland
(Address of principal executive offices)

(Zip code)

 

Credit Suisse AG

(Exact name of obligor as specified in its charter)

 

Canton of Zurich, Switzerland
(State or other jurisdiction of
incorporation or organization)		 13-5015677
(I.R.S. employer
identification no.)
   
Paradeplatz 8, 8001
Zurich, Switzerland
(Address of principal executive offices)

(Zip code)

 

 

 

Guaranteed Senior Debt Securities
Subordinated Guarantees of Credit Suisse Group AG
Guarantees of Credit Suisse AG
(Title of the indenture securities)

 

 

 

 

1.General information. Furnish the following information as to the Trustee:

 

(a)Name and address of each examining or supervising authority to which it is subject.

 

Name   Address
Superintendent of the Department of Financial Services of the State of New York   One State Street, New York, N.Y.  10004-1417, and Albany, N.Y. 12223
Federal Reserve Bank of New York   33 Liberty Street, New York, N.Y.  10045
Federal Deposit Insurance Corporation   550 17th Street, NW
Washington, D.C.  20429
The Clearing House Association L.L.C.   100 Broad Street
New York, N.Y. 10004

(b)Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

16.List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act").

 

1.A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).

 

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4.A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229494).

 

6.The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-229519).

 

7.A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

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SIGNATURE

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 13th day of May, 2020.

 

  THE BANK OF NEW YORK MELLON
   
  By: /s/ Rita Duggan
    Name: Rita Duggan
    Title: Vice President

 

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EXHIBIT 7

 

Consolidated Report of Condition of

 

THE BANK OF NEW YORK MELLON

 

of 240 Greenwich Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business December 31, 2019, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

  Dollar amounts in thousands 
ASSETS    
Cash and balances due from depository institutions:     
Noninterest-bearing balances and currency and coin    3,933,000 
Interest-bearing balances    111,243,000 
Securities:     
Held-to-maturity securities    34,475,000 
Available-for-sale securities    86,681,000 
Equity securities with readily determinable fair values not held for trading   54,000 
Federal funds sold and securities purchased under agreements to resell:     
   Federal funds sold in domestic offices    0 
Securities purchased under agreements to resell   18,746,000 
Loans and lease financing receivables:     
Loans and leases held for sale   0 
Loans and leases held for investment   25,127,000 
LESS: Allowance for loan and lease losses    95,000 
Loans and leases held for investment, net of allowance    25,032,000 
Trading assets    6,040,000 
Premises and fixed assets (including capitalized leases)    3,026,000 
Other real estate owned    2,000 
Investments in unconsolidated subsidiaries and associated companies    1,728,000 
Direct and indirect investments in real estate ventures   0 
Intangible assets:   7,019,000 
Other assets    13,408,000 
Total assets  311,387,000 
LIABILITIES    
Deposits:    
In domestic offices    153,793,000 
Noninterest-bearing    54,357,000 
Interest-bearing    99,436,000 
In foreign offices, Edge and Agreement subsidiaries, and IBFs    110,537,000 
Noninterest-bearing    4,931,000 
Interest-bearing    105,606,000 
Federal funds purchased and securities sold under agreements to repurchase:     
   Federal funds purchased in domestic offices   2,526,000 
Securities sold under agreements to repurchase    1,868,000 
Trading liabilities    3,250,000 
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)		   6,839,000 
Not applicable     
Not applicable     
Subordinated notes and debentures    0 
Other liabilities    6,571,000 
Total liabilities    285,384,000 
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock    1,135,000 
Surplus (exclude all surplus related to preferred stock)    11,135,000 
Retained earnings    15,105,000 
Accumulated other comprehensive income   -1,372,000 
Other equity capital components   0 
Total bank equity capital    26,003,000 
Noncontrolling (minority) interests in consolidated subsidiaries   0 
Total equity capital    26,003,000 
Total liabilities and equity capital    311,387,000 

 

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I, Michael Santomassimo, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Michael Santomassimo
Chief Financial Officer

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

 

Thomas P. Gibbons

 
Samuel C. Scott Directors
Joseph J. Echevarria  

 

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