# EDGAR Filing Document

**Accession Number:** 0001053092
**File Stem:** 0000950103-23-000272
**Filing Date:** 2023-1
**Character Count:** 16790
**Document Hash:** 26b901f7bd32ee1b7c8ff325fa3b68d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-000272.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0000950103-23-000272

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CREDIT SUISSE AG
- **CENTRAL INDEX KEY:** 0001053092
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-238458-02
- **FILM NUMBER:** 23518834

**BUSINESS ADDRESS:**
- **STREET 1:** PARADEPLATZ 8
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8001
- **BUSINESS PHONE:** 01141 44 333 1111

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 1
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8070

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CREDIT SUISSE / /FI
- **DATE OF NAME CHANGE:** 20050607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CREDIT SUISSE FIRST BOSTON /                            /FI
- **DATE OF NAME CHANGE:** 19980115
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CREDIT SUISSE AG
- **CENTRAL INDEX KEY:** 0001053092
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** PARADEPLATZ 8
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8001
- **BUSINESS PHONE:** 01141 44 333 1111

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 1
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8070

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CREDIT SUISSE / /FI
- **DATE OF NAME CHANGE:** 20050607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CREDIT SUISSE FIRST BOSTON /                            /FI
- **DATE OF NAME CHANGE:** 19980115

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|:---|:---|
| Filed pursuant to Rule 433<br> Registration Statement No. 333-238458-02<br> FINANCIAL PRODUCTS<br> FACTSHEET (U6958) | ![](image_002.jpg) |

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Contingent Coupon Autocallable Yield Notes<br> Linked to the Lowest Performing of the S&P 500<sup>®</sup> Index and the Russell 2000<sup>®</sup> Index<br> Offering Period: January 9, 2023 – January 25, 2023<br>

**Summary Product Terms**

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| | |
|:---|:---|
| CUSIP | 22553QPX9 |
| Issuer | Credit Suisse AG (London branch) |
| Principal Amount | $1,000 per security |
| Term | 1 year and 6 months (if not automatically redeemed) |
| Trade Date | January 26, 2023 |
| Settlement Date | January 31, 2023 |
| Key Dates | See the applicable pricing supplement |
| Valuation Date | July 26, 2024 |
| Maturity Date | July 31, 2024 |
| Underlyings | S&P 500<sup>®</sup> Index<br>Russell 2000<sup>®</sup> Index<br>|
| Initial Level | For each Underlying, the closing level of such Underlying on the Trade Date |
| Final Level | For each Underlying, the closing level of such Underlying on the Valuation Date |
| Underlying Return | (Final Level – Initial Level) / Initial Level |
| Lowest Performing Underlying | The Underlying with the lowest Underlying Return |
| Contingent Coupon Amount | At least $20.625 per period (approximately 8.25% p.a.) |
| Coupon Barrier Level | For each Underlying, approximately 65% of its Initial Level |
| Contingent Coupon Payment Frequency | Quarterly |
| Coupon Barrier Observation Frequency | Quarterly |
| Knock-In Level | For each Underlying, approximately 65% of its Initial Level |
| Autocall Observation Frequency | Quarterly (beginning July 26, 2023) |
| Autocall Level | For each Underlying, 100% of its Initial Level |

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**Hypothetical Redemption Amounts**

\*The hypothetical Redemption Amounts set forth below are for illustrative purposes only and may not be the actual returns applicable to you. They assume (i) a Knock-In Level of 65% and (ii) the securities are not automatically redeemed and are held to maturity. The numbers appearing in the table have been rounded for ease of analysis. This table does not include any contingent coupon payments on the securities.

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| | | |
|:---|:---|:---|
| Underlying Return of Lowest Performing Underlying | Return on the Securities\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption Amount per $1,000<br> Principal Amount |
| 100% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| 75% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| 50% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| 25% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| 10% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| 0% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| -10% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| -20% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| -30% | 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| -35% | -35% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000 |
| -36% | -36% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$640 |
| -50% | -50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$500 |
| -75% | -75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$250 |
| -100% | -100% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 |

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**Payoff Description**

***Contingent Coupon Payment***

Unless the securities have been previously automatically redeemed, if, on any Observation Date, each Underlying closes at or above its Coupon Barrier Level, you will receive the **Contingent Coupon Amount**.

Otherwise, **no contingent coupon will be paid**.

***Automatic Redemption***

If, on any Autocall Observation Date, each Underlying closes at or above its Autocall Level, the securities will be automatically redeemed and you will receive the **Principal Amount (and the contingent coupon)**. No further payments will be made on the securities.

***Redemption Amount at maturity***

At maturity, if the securities have not previously been automatically redeemed and each Underlying closes at or above its Knock-In Level on the Valuation Date, you will receive the Principal Amount (and the contingent coupon). However, if at least one Underlying closes below its Knock-In Level on the Valuation Date, **you will be fully exposed to the depreciation in the Lowest Performing Underlying from its Initial Level to its Final Level. You could lose your entire investment (excluding contingent coupons, if any).** 

Any payment on the securities is subject to our ability to pay our obligations as they become due.

Final terms will be determined on the Trade Date and will be provided in the pricing supplement. The actual contingent coupon rate will not be lower than the rate displayed in this document and the Knock-In Levels and Coupon Barrier Levels will not be greater than the levels set forth herein. Please see the accompanying preliminary pricing supplement for more information.

**Selected Risk Considerations**

*The risks set forth below are only intended as summaries of some of the risks relating to an investment in the securities. Prior to investing in the securities, you should, in particular, review the "Selected Risk Considerations" section herein, the "Selected Risk Considerations" section in the preliminary pricing supplement and the "Risk Factors" section in the product supplement, which set forth risks related to an investment in the securities.* 

·  ***Risks Relating to the Securities Generally*** 

&nbsp;&nbsp;&nbsp;&nbsp;o Your investment may result in a loss of up to 100% of the principal amount of securities you hold. If any Underlying closes below
its Knock-In Level on the Valuation Date, you will be fully exposed to the depreciation in the Lowest Performing Underlying.

&nbsp;&nbsp;&nbsp;&nbsp;o The value of the securities and the payment of any amount due on the securities are subject to the credit risk of Credit Suisse.

&nbsp;&nbsp;&nbsp;&nbsp;o Regardless of the amount of any payment you receive on the securities, your actual yield may be different in real value terms.

&nbsp;&nbsp;&nbsp;&nbsp;o The securities will not pay more than the principal amount of securities you hold plus contingent coupons, if any.

&nbsp;&nbsp;&nbsp;&nbsp;o The securities do not provide for regular fixed interest payments. If any Underlying closes below its Coupon Barrier Level on an Observation
Date, no contingent coupon will be paid with respect to that Observation Date.

&nbsp;&nbsp;&nbsp;&nbsp;o Whether a contingent coupon is paid on a Contingent Coupon Payment Date will depend on the closing levels of the Underlyings on the
related Observation Date.

&nbsp;&nbsp;&nbsp;&nbsp;o More favorable terms to you are generally associated with an Underlying with greater expected volatility and therefore can indicate
a greater risk of loss. You should therefore understand that a relatively higher contingent coupon may indicate an increased risk of loss.

&nbsp;&nbsp;&nbsp;&nbsp;o The securities are subject to Automatic Redemption, which exposes you to reinvestment risk and may eliminate your ability to be paid
contingent coupons over the full term of the securities.

&nbsp;&nbsp;&nbsp;&nbsp;o The U.S. federal tax consequences of an investment in the securities are unclear.

·  ***Risks Relating to the Underlyings*** 

&nbsp;&nbsp;&nbsp;&nbsp;o The Redemption Amount will be less than the principal amount of securities you hold even if only one Underlying closes below its Knock-In
Level on the Valuation Date. The securities are exposed equally to risk of fluctuations in the levels of the Underlyings to the same degree
for each Underlying.

&nbsp;&nbsp;&nbsp;&nbsp;o The securities are linked to the Russell 2000<sup>®</sup> Index and are subject to the risks associated with small-capitalization
companies.

&nbsp;&nbsp;&nbsp;&nbsp;o As a holder of the securities, you will not have voting rights or rights to receive cash dividends or other distributions with respect
to the equity securities comprising the Underlyings. Your return on the securities will not reflect the return you would realize if you
actually owned the equity securities that comprise the Underlyings.

&nbsp;&nbsp;&nbsp;&nbsp;o Government regulatory action, including legislative acts and executive orders, could result in material changes to the Underlyings
and could negatively affect your return on the securities.

·  ***Risks Relating to the Issuer*** 

&nbsp;&nbsp;&nbsp;&nbsp;o As a Swiss bank, Credit Suisse is subject to regulation by governmental agencies, supervisory authorities and self-regulatory organizations
in Switzerland. Such regulation is increasingly more extensive and complex and subjects Credit Suisse to risks.

·  ***Risks Relating to Conflicts of Interest*** 

&nbsp;&nbsp;&nbsp;&nbsp;o We and our affiliates play a variety of roles in connection with the issuance of the securities, including acting as calculation agent
and as agent of the Issuer of the securities, hedging our obligations under the securities and determining the estimated value of the
securities. The agent for this offering, Credit Suisse Securities (USA) LLC ("CSSU"), is our affiliate. In accordance with
FINRA Rule 5121, CSSU may not make sales in this offering to any discretionary accounts without the prior written approval of the customer.

·  ***Risks Relating to Estimated Value and Secondary Market Prices of the Securities*** 

&nbsp;&nbsp;&nbsp;&nbsp;o The securities will be affected by a number of economic, financial, political, regulatory, judicial and other factors that may either
offset or magnify each other.

&nbsp;&nbsp;&nbsp;&nbsp;o Prior to maturity, costs such as concessions and hedging may affect the value of the securities.

&nbsp;&nbsp;&nbsp;&nbsp;o Credit Suisse currently estimates the value of each $1,000 principal amount of the securities on the Trade Date will be between $940
and $990 (as determined by reference to our pricing models and the rate we are currently paying to borrow funds through issuance of the
securities (our "internal funding rate")), and the estimated value of the securities on the Trade Date may be less than the
price to public.

&nbsp;&nbsp;&nbsp;&nbsp;o If on the Trade Date the internal funding rate we use in structuring notes such as these securities is lower than the interest rate
that is reflected in the yield on our conventional debt securities of similar maturity in the secondary market (our "secondary market
credit spreads"), we expect that the economic terms of the securities will generally be less favorable to you than they would have
been if our secondary market credit spread had been used in structuring the securities.

&nbsp;&nbsp;&nbsp;&nbsp;o The securities will not be listed on any securities exchange. Credit Suisse (or its affiliates) intends to offer to purchase the securities
in the secondary market but is not required to do so. Many factors, most of which are beyond the control of the Issuer, will influence
the value of the securities and the price at which the securities may be purchased or sold in the secondary market. For example, the creditworthiness
of the Issuer, including actual or anticipated downgrades to the Issuer's credit ratings, may be a contributing factor.

**Important Notice**

You may revoke your offer to purchase the securities at any time prior to the time at which we accept such offer on the date the securities are priced. We reserve the right to change the terms of, or reject any offer to purchase the securities prior to their issuance. In the event of any changes to the terms of the securities, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes in which case we may reject your offer to purchase.

This document is a summary of the terms of the securities and factors that you should consider before deciding to invest in the securities. Credit Suisse has filed a registration statement (including preliminary pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this offering summary relates. Before you invest, you should read this summary together with the Preliminary Pricing Supplement dated January 9, 2023, Underlying Supplement dated June 18, 2020, Product Supplement No. I–B dated June 18, 2020, Prospectus Supplement dated June 18, 2020 and Prospectus dated June 18, 2020, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. If the terms described in the applicable preliminary pricing supplement are inconsistent with those described herein, the terms described in the applicable preliminary pricing supplement will control. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse, any agent or any dealer participating in this offering will arrange to send you the preliminary pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus if you so request by calling toll-free 1-800-221-1037.

This fact sheet is a general description of the terms of the offering. Please see the full description in the applicable preliminary pricing supplement: [https://www.sec.gov/Archives/edgar/data/1053092/000095010323000265/dp186814_424b2-u6958.htm](https://www.sec.gov/Archives/edgar/data/1053092/000095010323000265/dp186814_424b2-u6958.htm)

You may access the underlying supplement, product supplement, prospectus supplement and prospectus on the SEC website at www.sec.gov or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the preliminary pricing supplement.

*Please note that "we" and "our" refer to Credit Suisse AG and its affiliates in this document.*

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|:---|
| **CREDIT SUISSE SECURITIES (USA) LLC** <br> **credit-suisse.com**<br>|
| Copyright© 2023 Credit Suisse Group AG and/or its affiliates. All rights reserved. |

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