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  Exhibit 4.4    
    

 
    FORM OF ETN    
    

[FACE
OF NOTE] 

                        Unless
this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) to the issuer or its agent for
registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The
Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner
hereof, Cede & Co., has an interest herein. 

                        Unless
and until it is exchanged in whole or in part for Notes in definitive registered form, this Note may not be transferred except as a whole by the Depositary to the nominee of the
Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary. 

 

 

			
	REGISTERED NO.1	 	PRINCIPAL AMOUNT: $

CUSIP: 22542D852
	

CREDIT SUISSE AG

MEDIUM-TERM NOTE

(FIXED RATE)

 

 

 

							
	Branch: Nassau	 	 	 	 
	

Form of Note: Book-Entry Note
	

Original Issue Date (Settlement Date): April     , 2010
	
 Specified Currency:	
 	
ý U.S. dollars	
 	
o Other:
	
 Authorized Denominations:	
 	
o U.S. $2,000 and integral multiples of U.S. $1,000 in excess thereof
	 	 	ý Other: U.S. $20 and integral multiples of U.S. $20 in excess thereof
	

Maturity Date: April     , 2020
	

Interest Payment Date(s): See "Other Provisions" below.
	
 Interest Rate: N/A	
 	

 	
 	

 
	 	 	Day Count:	 	o 30/360	 	 
	 	 	o Other: Actual/365 Fixed
	
 Indexed Note	
 	
ý Yes: Cushing® 30 MLP Index (the "Index")

o No
	 	 	Manner of Determining Principal Amount Payable at Maturity Date: See "Other Provisions" below
	 	 	Manner of Determining Interest Payable at Interest Payment Date: See "Other Provisions" below
	
 Dual Currency Note:	
 	
o Yes	
 	
ý No
	 	 	Optional Payment Currency:
	 	 	Optional Election Date:
	
 Amortizing Note:	
 	
o Yes	
 	
ý No
	 	 	Amortizing Schedule:
	
 Original Issue Discount Note:	
 	
o Yes	
 	
ý No
	 	 	Issue Price:	 	 	 	 

 

 

 
 

 

							
	Renewable Note:	 	o Yes	 	ý No
	 	 	Initial Maturity Date:	 	 	 	 
	
 Optional Redemption:	
 	
ý Yes	
 	
o No
	 	 	Initial Redemption Date: See "Payment at Maturity or Upon Repurchase" below
	 	 	Initial Redemption Percentage:         %
	 	 	Annual Redemption Percentage Reduction:
	
 Optional Repayment:	
 	
ý Yes	
 	
o No
	 	 	Optional Repayment Date(s): See "Payment at Maturity or Upon Repurchase" below
	
 Optional Extension of Maturity:	
 	
o Yes	
 	
ý No
	 	 	Final Maturity Date:
	
 Addendum Attached:	
 	
o Yes	
 	
ý No
	

Exchange Rate Agent: N/A
	

Other Provisions:

 

  Coupon Payment  

On
each Interest Payment Date, the holder of each $20 principal amount of this Note shall receive a cash payment on the applicable Interest Payment Date equal to (a) the MLP Distribution Amount
minus (b) the Investor Fee, each calculated as of the corresponding Coupon Valuation Date. 

To
the extent that the MLP Distribution Amount is less than the Investor Fee, there shall be no Coupon Payment made on the corresponding Interest Payment Date, and an amount equal to the
absolute value of the difference between the MLP Distribution Amount and the Investor Fee calculated on such Coupon Valuation Date (the "fee shortfall") shall be added to the Investor Fee with respect
to the next Coupon Valuation Date. 

The
"MLP Distribution Amount", as of any Coupon Valuation Date, shall be an amount equal to the gross cash distributions that a "reference holder" would
have been entitled to receive in respect of the Constituent MLPs held by such reference holder on the "record date" with respect to such Constituent MLPs, for those cash distributions whose
"ex-dividend date" occurs during the period from and excluding the immediately preceding Coupon Valuation Date (or, with respect to the first Coupon Valuation Date, from and excluding the
initial settlement date) to and including such Coupon Valuation Date. A "reference holder" is, as of any date of determination, a hypothetical holder of
a number of units of each Constituent MLP equal to the product of (a) the number of units of such Constituent MLP currently represented in the Index and (b) the Multiplier. 

"Constituent MLPs" are either a partnership that is an operating company or a limited liability company that is an operating company (each, an
"MLP") whose securities are included in the Index. 

Notwithstanding
the foregoing, with respect to cash distributions for a Constituent MLP which is scheduled to be paid prior to the applicable Ex-Date, if, and only if, the issuer of such
Constituent MLP fails to pay the distribution to holders of such Constituent MLP by the scheduled payment date for such distribution, such distribution shall be assumed to be zero for the purposes of
calculating the applicable MLP Distribution Amount. 

Unless
the Calculation Agent determines that such information is not sufficient or accurate, the MLP Distribution Amount is expected to reflect the sum of the Daily Dividend Points on each Trading Day
in a Coupon Period multiplied by the Multiplier. The "Daily Dividend Points" on any Trading Day is the value displayed on Bloomberg page "DES" for the
Index on such day. 

2

 

The
"Multiplier" shall be            , which is equal to the 20 divided by the initial Index level. 

The
"Investor Fee", with respect to any Coupon Valuation Date, including the Final Valuation Date, shall be equal to (a) (i) the annual investor
fee multiplied by (ii) the number of days in the Coupon Period with respect to such Coupon Valuation Date divided by 365 multiplied by (iii) $20 multiplied by (iv) the Index
Factor, plus (b) the fee shortfall from the previous Coupon Valuation Date, if any. There will only be a fee shortfall from the previous Coupon Valuation Date if the MLP Distribution Amount
on such previous Coupon Valuation Date minus the Investor Fee on such previous Coupon Valuation Date was negative. In such case, the fee shortfall is equal to the absolute value of such negative
number. 

The
"annual investor fee" is equal to 0.85%. 

The
"Index Factor" on any Valuation Date, including the Final Valuation Date, shall be equal to the closing level of the Index on that Valuation Date
divided by the initial Index level. 

The
"initial Index level" is            , the closing level of the Index on the inception date. 

The
"closing level" of the Index on any Trading Day shall be determined by the Calculation Agent based upon the closing level published on the Bloomberg
page "MLPX <Index>" or any successor page on Bloomberg or any successor service, as applicable. 

A
"Coupon Period" with respect to each Coupon Valuation Date is the period commencing on, but excluding, the previous Coupon Valuation Date (or, with
respect to the first Coupon Period, commencing on the initial settlement date) to, and including such Coupon Valuation Date. 

An
"Interest Payment Date" shall be the fifteenth Business Day following the applicable Coupon Valuation Date, provided that the Interest Payment Date
corresponding to the Final Valuation Date or any Valuation Date corresponding to a Repurchase Date shall be the Maturity Date or such Repurchase Date, as applicable. In addition, if a Repurchase Date
or the Maturity Date occurs prior to a scheduled Interest Payment Date for which the Coupon Payment has been determined but not yet paid, instead of such Coupon Payment being paid on the regularly
scheduled Interest Payment Date, such Coupon Payment shall be paid on either (i) the Maturity Date or (ii) the Repurchase Date applicable to a Valuation Date if, as of such Valuation
Date, the Ex-Date with respect to such Coupon Payment has not yet occurred, as applicable. 

A
"Coupon Valuation Date" shall be the 15th of February, May, August and November of each calendar year (or if any such day is not a scheduled
Trading Day, the next succeeding scheduled Trading Day) as well as the Final Valuation Date and any Valuation Date corresponding to a Repurchase Date. In the event a Market Disruption Event has
occurred or is continuing on a Valuation Date or the Final Valuation Date, the relevant Coupon Payment, if any, shall be determined on such postponed Valuation Date or Final Valuation Date, as
applicable, as set forth under "—Payment at Maturity or Upon Repurchase" below. 

The
"Coupon Payment" shall be paid to the holder of each $20 principal amount of this Note as of the applicable Coupon Record Date, which shall be the
ninth scheduled Business Day following the corresponding Coupon Valuation Date. 

The
"Coupon Record Date" shall be the ninth scheduled Business Day following the corresponding Coupon Valuation Date with respect to each Coupon Payment
Date. 

3

 

 
The "Ex-Date", with respect to a Coupon Payment, shall be the first day on which the primary exchange or market for trading of this Note is
scheduled to be open for trading that this Note trades without the right to receive the Coupon Payment. 

A
"Business Day" is a Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York City generally are
authorized or obligated by law, regulation or executive order to close. 

A
"Trading Day" is a day on which (i) the level of the Index is calculated and published, (ii) trading is generally conducted on the New
York Stock Exchange, NYSE Arca and the Nasdaq Stock Market and (iii) trading is generally conducted on the markets on which the equity securities underlying the Index are traded, in each case
as determined by the calculation agent in its sole discretion. 

 Payment at Maturity or Upon Repurchase  

 Payment at Maturity  

The
holder of each $20 principal amount of this Note shall receive a cash payment on the Maturity Date that shall be equal to (a) the product of (i) $20 and (ii) the Index Factor
on the Final Valuation Date, minus (b) the fee shortfall on the Final Valuation Date, if any, plus (c) the final Coupon Payment determined on the Final Valuation Date, if any. 

If
the Final Valuation Date is not a Trading Day or if a Market Disruption Event occurs or is continuing on the Final Valuation Date, the Calculation Agent will postpone the Final Valuation Date until
the next Trading Day on which no Market Disruption Event occurs or is continuing, for up to six scheduled Trading Days. If a Market Disruption Event occurs or is continuing on such sixth scheduled
Trading Day, the Calculation Agent will determine the closing level of the Index applicable to the Final Valuation Date according to the methodology described under "—Market Disruption
Events" below. If the Final Valuation Date is postponed, the Maturity Date will also be postponed to the fifth Business Day following the Final Valuation Date as postponed. If the Maturity Date stated
on the cover of this pricing supplement is not a Business Day, the Maturity Date shall be the next following Business Day. 

In
the event that the Maturity Date of this Note is postponed due to the postponement of the Final Valuation Date, the Company will give the Trustee and the holder of the Note written notice of such
postponement, and, once it has been determined, of the date to which the Maturity Date has been rescheduled. The Company will give such notice as promptly as possible, and in no case later than
(i) with respect to notice of postponement of the Maturity Date, the Business Day immediately following the scheduled Final Valuation Date and (ii) with respect to the notice of the date
to which the Maturity Date has been rescheduled, the Business Day immediately following the actual Final Valuation Date. 

In
the event that payment at maturity is deferred beyond the stated Maturity Date as provided herein, no interest or other amount will accrue or be payable with respect to that deferred payment. 

 Payment Upon Repurchase  

Prior
to the Maturity Date, the holder of this Note may elect to offer all or a portion of the principal amount of this Note for repurchase by the Company during the term of this Note, beginning on
April     , 2010 through the Business Day immediately preceding the last scheduled Valuation Date that is not the Final Valuation Date, in a principal amount of at least $2,000,000 by
following the procedures set forth below. If holder of this Note offers at least $2,000,000 stated principal amount to 

4

 

the
Company for repurchase and fulfills the repurchase procedures described below for a Repurchase Date, the Company shall be obligated to repurchase the principal amount of this Note so requested to
be repurchased. The Trading Day immediately succeeding the Business Day on which a holder delivers a valid repurchase notice to the Company shall be the Valuation Date applicable to such repurchase,
subject to postponement due to a Market Disruption Event. 

The
Company will have the right to repurchase this Note in whole but not in part on or after April     , 2012, if, on or after April     , 2012, the outstanding
principal amount of this Note is $10,000,000 or less. This option will expire on the Business Day immediately preceding the last scheduled Valuation Date that is not the Final Valuation Date. The
Company will also have the right to repurchase this Note in the event the Note is not currently listed on a national stock exchange or the publication of the Index is discontinued and no successor
index is appointed. Any portion of the principal amount of this Note previously repurchased by the Company at the holder's option shall be cancelled by the Trustee on the relevant Repurchase Date.
Consequently, as of such Repurchase Date, the principal amount of this Note so repurchased will no longer be considered outstanding for purposes of determining whether the Company has the ability to
exercise its repurchase right. To call the Notes for repurchase, the Company will deliver an irrevocable call notice to The Depository Trust Company
("DTC") (as the holder of this Global Note). The Trading Day immediately succeeding the date such call notice was delivered to DTC shall be the
Valuation Date applicable to such repurchase, subject to postponement due to a Market Disruption Event. 

If
this Note is repurchased (either at the Company's option or the holder's), on the corresponding Repurchase Date, the holder will receive a cash payment in an amount equal to the
"Daily Repurchase Value", which is a cash payment per $20 principal amount of this Note equal to (a) the product of (i) $20 and
(ii) the Index Factor on the applicable Valuation Date, minus (iii) the fee shortfall on such Valuation Date, if any, plus (b) the Coupon Payment determined on the applicable
Valuation Date, if any. In addition, the holder of this Note will receive the Coupon Payment with respect to the Coupon Valuation Date immediately preceding the applicable Valuation Date if, on the
relevant Valuation Date, the Ex-Date with respect to such Coupon Payment has not yet occurred. 

A
"Repurchase Date" is the third Business Day following a Valuation Date. Unless the holder's scheduled Repurchase Date is postponed due to a Market
Disruption Event, the final day on which the Company shall repurchase the Note shall be April     , 2020. 

A
"Valuation Date" is each Trading Day from April     , 2010 to April     , 2020, inclusive, and
April     , 2020 (the "Final Valuation Date"), unless the Calculation Agent reasonably determines that a Market Disruption
Event occurs or is continuing on that day. A Valuation Date may be postponed due to a Market Disruption Event up to six scheduled Trading Days. If postponement of a Valuation Date due to a Market
Disruption Event occurs, such postponement will continue until the Trading Day on which there is no Market Disruption Event, for up to six scheduled Trading Days. If a Market Disruption Event occurs
or is continuing on such sixth scheduled Trading Day, the Calculation Agent will determine the closing level of the Index applicable to such Valuation Date according to the methodology described under
"—Market Disruption Events" below. If a Valuation Date is postponed, the corresponding Repurchase Date will also be postponed to the third Business Day following such Valuation Date as
postponed. 

In
the event that a Repurchase Date is postponed due to the postponement of the applicable Valuation Date, the Company shall give the Trustee and the holder of the Note written notice of such
postponement, and, once it has been determined, of the date to which such Repurchase Date has been rescheduled. The Company shall give such notice as promptly as possible, and in no case later than
(i) with respect to notice of postponement of such Repurchase Date, the Business Day immediately 

5

 

following
the scheduled applicable Valuation Date and (ii) with respect to the notice of the date to which such Repurchase Date has been rescheduled, the Business Day immediately following the
actual applicable Valuation Date. 

In
the event that payment upon repurchase by the Company is deferred beyond the original Repurchase Date as provided herein, no interest or other amount will accrue or be payable with respect to that
deferred payment. 

 Repurchase Procedures - Repurchase at the holder's option  

Prior
to the Maturity Date, the holder of this Note may elect to offer all or a portion of the principal amount of this Note for repurchase by the Company on any Business Day during the term of this
Note, beginning on April     , 2010, in a principal amount of at least $2,000,000 by following the procedures set forth below: 

	•
	Cause its broker to deliver a completed irrevocable Offer for Repurchase (in the form attached hereto as Annex A)
to the Company by 10:00 a.m., New York City time, on the Business Day immediately preceding the Valuation Date related to the applicable Repurchase Date. The holder, as beneficial owner of this
Note, must complete one portion of the Offer to Repurchase and its broker must complete the other portion. The Company must acknowledge receipt from the broker in order for the offer to repurchase to
be effective;   

	•
	Cause its broker to book a delivery vs. payment trade with respect to the principal amount of this Note offered for
repurchase on such Repurchase Date at a price equal to the applicable Daily Repurchase Value, facing the Company; and   

	•
	Cause its broker to make its DTC custodian deliver the trade as booked for settlement via DTC at or prior to
10:00 a.m., New York City time, on the applicable Repurchase Date. 

Any
repurchase instructions received in compliance with the foregoing procedures shall be irrevocable and, upon compliance with the foregoing procedures, the Company shall be obliged to repurchase the
principal amount of this Note so requested to be repurchased. 

The
Company will act as paying agent in connection with repurchases at the election of the holder of this Note and upon such repurchase the Company shall so advise the Trustee and deliver the
principal amount of this Note that is so repurchased to the Trustee for cancellation. 

 Repurchase Procedures - Repurchase at the Company's option  

The
Company will have the right to repurchase this Note in whole but not in part on or after April     , 2012, if, on or after April     , 2012, the outstanding
principal amount of this Note is $10,000,000 or less. This option will expire on the Business Day immediately preceding the last scheduled Valuation Date that is not the Final Valuation Date. The
Company will also have the right to repurchase this Note in the event the Note is not currently listed on a national stock exchange or the publication of the Index is discontinued and no successor
index is appointed. To call this Note for repurchase, the Company shall deliver an irrevocable call notice to DTC. Any portion of the principal amount of this Note previously repurchased by the
Company at the holder's option shall be cancelled by the Trustee on the relevant Repurchase Date. Consequently, as of such Repurchase Date, the principal amount of this 

6

 

Note
so repurchased will no longer be considered outstanding for purposes of determining whether the Company has the ability to exercise its repurchase right. 

The
Company will give the Trustee a copy of the irrevocable call notice at the same time that it delivers such notice to DTC. On or prior to 10:30 a.m. on the Business Day prior to the
Repurchase Date, the Company shall, or shall cause the Calculation Agent, to provide written notice to the Trustee, on which notice the Trustee may conclusively rely, of the cash amount due with
respect to each $20 principal amount of this Note. The Company shall deliver to the Trustee by 10:30 a.m. on the Repurchase Date the aggregate amount due in connection with such repurchase, for
delivery to the holder of this Note. 

 Market Disruption Events  

A
"Market Disruption Event" means the occurrence or existence on any scheduled Trading Day during the one-half hour period that ends at the
relevant Valuation Time, of any suspension of or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise)
on: 

	(a)
	an
exchange on which securities that comprise 20% or more of the level of the Index (or a successor index) are traded based on a comparison of
(1) the portion of the level of the Index (or a successor index) attributable to each component comprising the Index (or a successor index) in which trading is, in the determination of the
Calculation Agent, materially suspended or materially limited relative to (2) the overall level of the Index (or a successor index), in the case of (1) or (2) immediately before
that suspension or limitation;  
	(b)
	a
Related Exchange in options contracts on the Index (or a successor index); or  
	(c)
	a
Related Exchange in futures contracts on the Index (or a successor index); and 

in
the case of (a), (b) or (c) a determination by the Calculation Agent that such suspension or limitation is material. 

"Related Exchange" means any exchange on which futures or options contracts relating to the Index are traded and any successor to such exchange or any
substitute exchange to which trading in futures or options contracts relating to the Index has temporarily relocated. 

"Exchange" means the principal exchange on which the relevant security is traded. 

"Valuation Time" means the time at which Standard & Poor's Financial Services LLC or the Index Sponsor calculates the closing level of the Index
on any Trading Day. 

 Discontinuation or Modification of the Index  

If
Swank Energy Income Advisors, LP ("Swank"), as index sponsor (the "Index Sponsor") reasonably
determines that it is necessary to discontinue publication of the Index and the Index Sponsor or any other person or entity calculates and publishes an Index that the Calculation Agent, after
consultation with the Company, reasonably determines is comparable to the Index and approves as a successor index (any such index, the "successor
index"), then the Calculation Agent will determine the level of the Index on the applicable Valuation Date and the amount payable at maturity or upon repurchase by the Company
by reference to such successor index for the period following the discontinuation of the Index. 

If
the Calculation Agent reasonably determines that the publication of the Index is discontinued and that there is no successor index available, the Company will have the right to repurchase this
Note. If 

7

 

the
Company chooses to exercise this right, the Trading Day immediately succeeding the Business Day the irrevocable call notice was delivered to DTC shall be the Valuation Date applicable to such
repurchase, subject to postponement as described herein. In the event that a value of the Index needs to be calculated and no successor index has been appointed, the Calculation Agent, after
consultation with the Company, will determine the value of the Index (and any amounts payable on this Note) by a computation methodology that the Calculation Agent determines will as closely as
reasonably possible replicate the Index. 

If
the Calculation Agent reasonably determines that the Index, the Constituent MLPs or the method of calculating the Index or any successor index has been changed at any time in any significant
respect, whether the change is made by the Index Sponsor under its existing policies or following a modification of those policies, is due to the publication of a successor index, is due to events
affecting one or more of the Constituent MLPs, or is due to any other reason—then the Calculation Agent, after consultation with the Company, shall be permitted (but not required) to make
such adjustments to the Index or method of calculating the Index as it reasonably believes are appropriate to ensure that the level of the Index used to determine the amount payable on the Maturity
Date or upon repurchase by the Company replicates as fully as possible the economic character of the Index. 

 Calculation Agent  

Credit
Suisse International will serve as the Calculation Agent. The Calculation Agent will, in its reasonable discretion, make all determinations regarding the value of this Note, any Coupon Payment
and the amount payable in respect of this Note at maturity or upon repurchase by the Company, including, but not limited to, Market Disruption Events, Business Days, Trading Days, the Investor Fee,
the Index Factor, the default amount, the initial Index level, the closing level of the index on any Valuation Date, the Maturity Date, Repurchase Dates, and any other calculations or determinations
to be made by the Calculation Agent as specified herein. Absent manifest error, all determinations of the Calculation Agent shall be final and binding on the holder and the Company, without any
liability on the part of the Calculation Agent. The holder of this Note will not be entitled to any compensation from us for any loss suffered as a result of any of the above determinations by the
Calculation Agent. 

All
determinations and adjustments to be made by the Calculation Agent with respect to the level of the Index and the amount payable at maturity or upon repurchase by the Company or otherwise
relating to the level of the Index may be made in the Calculation Agent's reasonable discretion. The Calculation Agent shall make all determinations and adjustments such that, to the greatest extent
possible, the fundamental economic terms of the Index are equivalent to those immediately prior to the event requiring or permitting such determinations or adjustments. 

 Default Amount on Acceleration  

In
case an Event of Default with respect to this Note shall have occurred and be continuing, the amount declared due and payable upon any acceleration of this Note shall be determined by the
Calculation Agent and will equal the Daily Repurchase Value for the outstanding principal amount of this Note determined as of the next Valuation Date. Promptly after the acceleration of this Note as
aforesaid, the Company shall, or shall cause the Calculation Agent to, provide written notice to the Trustee, on which notice the Trustee may conclusively rely, of the cash amount due with respect to
each $20 principal amount of this Note upon such acceleration. 

Credit
Suisse AG (formerly Credit Suisse), a corporation established under the laws of, and duly licensed as a bank in, Switzerland (together with its successors and assigns, the
"Company"), for value received, hereby promises to pay to Cede & Co. or registered assignees, the amount of cash, as 

8

 

determined
in accordance with the provisions set forth under "Payment at Maturity" above, due with respect to the principal sum of U.S. $            (UNITED STATES
DOLLARS                                        
        ), on
the Maturity Date specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) (except to the extent redeemed or repaid prior to the Maturity Date) and to pay
interest thereon, if any, from the Original Issue Date specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) at the Interest Rate per annum specified on the
face hereof (or in the pricing supplement attached hereto or delivered herewith) until the Principal hereof is paid or duly made available for payment (except as provided below). The Company will pay
interest, if any, in arrears on Interest Payment Date(s) specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) commencing with the first Interest Payment
Date next succeeding the Original Issue Date specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith), and on the Maturity Date (or any Redemption Date or
Repayment Date) (these and certain other capitalized terms used herein are defined on the reverse of this Note); provided, however, that if
the Original Issue Date occurs between a Record Date, as defined below, and the next succeeding Interest Payment Date, interest payments will commence on the second Interest Payment Date succeeding
the Original Issue Date and shall be payable to the registered holder of this Note (the "Holder" and, collectively, the
"Holders") on the Record Date with respect to such second Interest Payment Date; and provided,
further, that if an Interest Payment Date or the Maturity Date (or any Redemption Date or Repayment Date) would fall on a day that is not a Business Day, payment of
interest, premium, if any, or Principal otherwise payable on such date shall not be made on such date,
but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date or on the Maturity Date (or any Redemption Date or Repayment Date), and no
interest shall accrue for the period from and after the Interest Payment Date or the Maturity Date (or any Redemption Date or Repayment Date) to such next succeeding Business Day. 

Payment
of the Principal of this Note, any premium and the interest due on the Maturity Date (or any Redemption Date or Repayment Date) shall be made in immediately available funds upon surrender of
this Note at the office or agency of such paying agent as the Company may determine maintained for that purpose in the Borough of Manhattan, The City of New York (a "Paying
Agent"), or at the office or agency of such other Paying Agent as the Company may determine. 

Notwithstanding
the foregoing, if an Addendum is attached hereto or "Other Provisions" apply to this Note as specified on the face hereof (or in the pricing supplement attached hereto or delivered
herewith), this Note shall be subject to the terms set forth in such Addendum or such "Other Provisions". 

Interest
on this Note, if any, will accrue from the most recent Interest Payment Date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from
the Original Issue Date, until the Principal hereof has been paid or duly made available for payment (except as provided herein). The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date, will, subject to certain exceptions described herein, be paid to the person in whose name this Note (or one or more predecessor Notes) is registered at the close of business
on the date 15 calendar days prior to an Interest Payment Date (whether or not a Business Day) (each such date a "Record Date");
provided, however, that interest payable on the Maturity Date (or any Redemption Date or Repayment Date) shall be payable to the person to
whom the Principal hereof shall be payable. 

If
the Specified Currency specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) is other than U.S. dollars, any payment on this Note on an Interest Payment
Date or the Maturity Date (or any Redemption Date or Repayment Date) shall be made in U.S. dollars, as 

9

 

provided
below, unless the Holder hereof elects by written request (which request shall also include appropriate wire transfer instructions) to the Paying Agent at its corporate trust office in The
City of New York received on or prior to the Record Date relating to an Interest Payment Date or at least 10 days prior to the Maturity Date (or any Redemption Date or Repayment Date), as the
case may be, to receive such payment in such Specified Currency except as provided on the reverse hereof; provided, that any U.S. dollar amount to be received by a Holder
of this Note shall be based on the highest bid quotation in The City of New York received by the Exchange Rate Agent appointed by the Company and specified on the face hereof (or in the pricing
supplement attached hereto or delivered herewith) (the "Exchange Rate Agent"), at approximately 11:00 a.m., New York City time, on the second
Business Day preceding the applicable payment date from three recognized foreign exchange dealers (one of
which may be the Exchange Rate Agent) for the purchase by the quoting dealer of such Specified Currency for U.S. dollars for settlement on such payment date in the aggregate amount of such Specified
Currency payable to all Holders of Notes having the same terms as this Note (including Original Issue Date) scheduled to receive U.S. dollar payment and at which the applicable dealer commits to
execute a contract; provided, further, that if such bid quotations are not available, such payments shall be made in such Specified Currency.
All currency exchange costs shall be borne by the Holder of this Note by deductions from such payments. The Holder hereof may elect to receive payment in such Specified Currency for all such payments
and need not file a separate election for each such payment, and such election shall remain in effect until revoked by written notice to the Paying Agent at its corporate trust office in The
City of New York received on a date prior to the Record Date for the relevant Interest Payment Date or at least 10 calendar days prior to the Maturity Date (or any Redemption Date or Repayment Date),
as the case may be; provided, that such election is irrevocable as to the next succeeding payment to which it relates; if such election is made as to full payment on this
Note, such election may thereafter be revoked so long as the Paying Agent is notified of the revocation within the time period set forth above. 

If
the Specified Currency specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) is U.S. dollars, payment of the Principal of and premium, if any, and
interest on this Note shall be made in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts;
provided, however, that payments of interest, other than interest due at maturity (or any Redemption Date or Repayment Date) shall be made by
United States dollar check mailed to the address of the person entitled thereto as such address shall appear in the Note register. 

A
Holder of U.S. $5,000,000 (or, if the Specified Currency specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) is other than U.S. dollars, the equivalent
thereof in the Specified Currency) or more in aggregate principal amount of Notes having the same Interest Payment Date shall be entitled to receive payments of interest, other than interest due at
maturity (or any Redemption Date or Repayment Date), by wire transfer of immediately available funds to an account within the United States maintained by the Holder of this Note if appropriate wire
transfer instructions in writing have been received by the Paying Agent not less than 10 days prior to the applicable Interest Payment Date; provided,
however, that, unless alternative arrangements are made, any such payments to be made in a Specified Currency other than U.S. dollars shall be made to an account at a bank
outside the United States. 

Reference
is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, as defined on the reverse hereof, by manual signature, this Note shall not be entitled to any benefit
under the Indenture, as defined on the reverse hereof, or be valid or obligatory for any purpose. 

10

 

  
                        IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

 

 

					
	 	 	CREDIT SUISSE AG
	

 	
 	
 By:	
 	
  

  Name:

Title:
	

 	
 	
 By:	
 	
 

  Name:

Title:

 

 CERTIFICATE
OF AUTHENTICATION 

                        This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated:                                    ,
2010 

 

 

					
	 	 	THE BANK OF NEW YORK MELLON,

as Trustee
	

 	
 	
 By:	
 	
    
	 	 	 	 	

  Authorized Signatory

 

 11

 

 
 

[REVERSE OF NOTE]    

 
  CREDIT SUISSE AG
  MEDIUM-TERM NOTE
  (FIXED RATE)    

                        This
Note is one of a duly authorized issue of Medium-Term Notes (the "Notes") of the Company. The Notes are issuable under a senior indenture,
dated as of March 29, 2007 (the "Indenture"), between the Company and The Bank of New York Mellon (formerly The Bank of New York), as trustee (the "Trustee"), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and Holders of the Notes and
the terms upon which the Notes are to be authenticated and delivered. The Bank of New York Mellon has been appointed Authenticating Agent with respect to the Notes, and The Bank of New York Mellon at
its corporate trust office in The City of New York has been appointed the Registrar and Paying Agent with respect to the Notes. The terms of individual Notes may vary with respect to interest rates,
interest rate formulas, issue dates, maturity dates, or otherwise, all as provided in the Indenture. To the extent not inconsistent herewith, the terms of the Indenture are hereby incorporated by
reference herein. This Note will not be subject to any sinking fund and, unless otherwise provided on the face hereof (or in the pricing supplement attached hereto or delivered herewith) in accordance
with the provisions of the following two paragraphs, will not be redeemable or subject to repayment at the option of the Holder prior to maturity. 

                        This
Note shall be subject to redemption at the option of the Company on any date on or after the Initial Redemption Date, if any, specified on the face hereof, or as otherwise
specified on the face hereof, (or in the pricing supplement attached hereto or delivered herewith), in whole or from time to time in part in increments of U.S. $20 and integral multiples of
U.S. $20 in excess thereof or the minimum Authorized Denomination (provided that any remaining principal amount hereof shall be at least U.S. $20 or such
minimum Authorized Denomination), at the Redemption Price (as defined below), together with unpaid interest accrued thereon to the date fixed for redemption (each, a "Redemption Date"), or as
otherwise specified on the face hereof, on notice given no more than 60 nor less than 30 calendar days prior to the Redemption Date, or as otherwise specified on the face hereof (or in the pricing
supplement attached hereto or delivered herewith), and in accordance with the provisions of the Indenture. The "Redemption Price" shall initially be the Initial Redemption Percentage specified on the
face hereof (or in the pricing supplement attached hereto or delivered herewith) multiplied by the unpaid principal amount of this Note to be redeemed, or another amount specified on the face hereof
(or in the pricing supplement attached hereto or delivered herewith). The Initial Redemption Percentage shall decline at each anniversary of the Initial Redemption Date by the Annual Redemption
Percentage Reduction, if any, specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) until the Redemption Price is 100% of unpaid principal amount to be
redeemed. In the event of redemption of this Note in part only, a new Note of like tenor for the unredeemed portion hereof and otherwise having the same terms as this Note shall be issued in the name
of the Holder hereof upon the presentation and surrender hereof. 

                        This
Note shall be subject to repayment by the Company at the option of the Holder hereof on the Optional Repayment Date(s), if any, specified on the face hereof, or as otherwise
specified on the face hereof, (or in the pricing supplement attached hereto or delivered herewith), in whole or in part in increments of U.S. $20 and integral multiples of U.S. $20 in
excess thereof or the minimum Authorized Denomination (provided that any remaining principal amount hereof shall be at least U.S. $20 or such minimum Authorized
Denomination), at a repayment price equal to 100% of the unpaid principal amount to be repaid, together with unpaid interest accrued thereon to the date fixed for repayment (each, a "Repayment Date"),
or as otherwise specified on the face hereof. For this Note to be repaid, in whole or in part, this Note must be received, together with the form hereon entitled "Option to Elect Repayment", or other
form as may be attached hereto, duly completed, by the 

12

 

Trustee
at its corporate trust office not more than 60 nor less than 30 calendar days prior to the Repayment Date, or as otherwise specified on the face hereof (or in the pricing supplement attached
hereto or delivered herewith). Exercise of such repayment option by the Holder hereof shall be irrevocable. In the event of repayment of this Note in part only, a new Note of like tenor for the
unrepaid portion hereof and otherwise having the same terms as this Note shall be issued in the name of the Holder hereof upon the presentation and surrender hereof. 

                        If
this Note is specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) as an Original Issue Discount Note, the amount payable to the Holder of
this Note in the event of redemption, repayment or acceleration of maturity shall be equal to the sum of (i) the Issue Price specified on the face hereof (or in the pricing supplement attached
hereto or delivered herewith) (increased by any accruals of the Discount, as defined below) and, in the event of any redemption of this Note (if applicable), multiplied by the Initial Redemption
Percentage (as adjusted by the Annual Redemption Percentage Reduction, if applicable) and (ii) any unpaid interest on this Note accrued from
the Original Issue Date to the Redemption Date, Repayment Date or date of acceleration of maturity, as the case may be. The difference between the Issue Price and 100% of the principal amount of this
Note is referred to herein as the "Discount". 

                        For
purposes of determining the amount of Discount that has accrued as of any Redemption Date, Repayment Date or date of acceleration of maturity of this Note, such Discount shall be
accrued so as to cause the yield on the Note to be constant (computed using the "Constant Yield" method in accordance with the rules under the Internal Revenue Code of 1986, as amended). The constant
yield shall be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the
shortest period between Interest Payment Dates (with ratable accruals within a compounding period) and an assumption that the maturity of this Note will not be accelerated. If the period from the
Original Issue Date to the initial Interest Payment Date (the "Initial Period") is shorter than the compounding period for this Note, a proportionate amount of the yield for an entire compounding
period shall be accrued. If the Initial Period is longer than the compounding period, then such period shall be divided into a regular compounding period and a short period, with the short period
being treated as provided in the preceding sentence. 

                        If
this Note is specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) as an Indexed Note, the Principal hereof payable at Maturity Date or
interest to be paid on this Note, or both, shall be determined by reference to the price or prices of specified commodities, stocks or indices, the exchange rate of a specified currency relative to
one or more currencies, currency units, composite currencies or units of account, or such other price or exchange rate specified on the face hereof (or in the pricing supplement attached hereto or
delivered herewith). Information as to the method for determining the Principal hereof payable at Maturity Date, the manner of determining the interest rate, certain historical information with
respect to the specified indexed item and tax considerations associated with an investment in the Indexed Notes shall be set forth in the applicable pricing supplement. 

                        If
this Note is specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) as a Dual Currency Note, the Company may have a one time option,
exercisable on the Option Election Date specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith), in whole, but not in part, with respect to all Dual Currency
Notes issued on the same day and having the same terms, of making all payments of Principal, premium, if any, and interest after the exercise of such option, whether at maturity or otherwise (which
payment would otherwise be made in the Specified Currency of such Notes), in an optional currency (the "Optional Payment Currency") specified on the face hereof (or in the pricing supplement attached
hereto or delivered herewith). The terms of the Dual Currency Notes, together with information as to the relative value of the Specified Currency compared to the Optional Payment Currency and as to
tax considerations 

13

 

associated
with an investment in the Dual Currency Notes shall be set forth in the applicable pricing supplement. 

                        If
this Note is specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) as an Amortizing Note, the Company will make payments combining
Principal and interest in installments over the life of such Note. Payments with respect to Amortizing Notes shall be applied first to the interest due and payable on the Notes and then to the
reduction of the unpaid Principal of the Notes. 

                        If
this Note is specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith) as a Renewable Note, this Note will mature on an Interest Payment Date
set forth on the face hereof (or in the applicable pricing supplement attached hereto or delivered herewith), unless the maturity of all or a portion of the Principal amount of this Note is extended
in accordance with the procedures set forth in the applicable pricing supplement. 

                        If
so specified on the face hereof (or in the pricing supplement attached hereto or delivered herewith), the Maturity Date of this Note may be extended at the option of the Company for
one or more periods up to but not beyond the date (the "Final Maturity Date") set forth on the face hereof (or in the pricing supplement attached hereto or delivered herewith). 

                        This
Note is unsecured and ranks pari passu with all other unsecured and unsubordinated indebtedness of the Company. 

                        This
Note, and any Note or Notes issued upon transfer or exchange hereof, is issuable only in fully registered form, without coupons, and, if denominated in U.S. dollars, is issuable
only in denominations of U.S. $20 or any integral multiple of U.S. $20 in excess thereof. If this Note is denominated in a Specified Currency other than U.S. dollars, then, unless a
higher minimum denomination is required by applicable law, it is issuable only in the minimum Authorized Denomination specified on the face hereof (or in the pricing supplement attached hereto or
delivered herewith) or any amount in excess thereof which is an integral multiple thereof. 

                        In
case an Event of Default (as defined in the Indenture) with respect to the Notes shall have occurred and be continuing, the Principal hereof and the interest accrued hereon, if any,
may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

                        Promptly
after the acceleration of this Note as aforesaid, the Company shall, or shall cause the Calculation Agent to, provide written notice to the Trustee, on which notice the Trustee
may conclusively rely, of the cash amount due with respect to each $20 stated principal amount of this Note upon such acceleration. 

                        The
Indenture contains provisions which provide that the Company and the Trustee may amend or supplement the Indenture or the Notes without notice to or the consent of any Holder in
order to (i) cure any ambiguity, defect or inconsistency in the Indenture, provided that such amendments or supplements shall not materially and adversely affect
the interests of the Holders; (ii) comply with the requirements of the Indenture if the Company consolidates with, merges with or into, or sells, conveys, transfers, leases or otherwise
disposes of all its property and assets, to any person; (iii) comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust Indenture Act;
(iv) evidence and provide for the acceptance of appointment hereunder with respect to the Notes by a successor Trustee; (v) provide for uncertificated or unregistered Notes and to make
all appropriate changes for such purpose; (vi) provide for a guarantee from a third party on outstanding Notes that are issued under the Indenture; or (vii) make any change that does not
materially and adversely affect the rights of any Holder. 

14

 

                        The
Indenture contains provisions which provide that, without prior notice to any Holders, the Company and the Trustee may amend the Indenture and the Notes with the written consent of
the Holders of a majority in principal amount of the outstanding Securities of all series affected by such amendment (all such series voting as one class), and the Holders of a majority in principal
amount of the outstanding Securities of all series affected thereby (all such series voting as one class) by written notice to the Trustee may waive future compliance by the Company with any provision
of the Indenture or the Notes; provided that, without the consent of each Holder of the Securities affected thereby, an amendment or waiver, including a waiver of past
defaults, may not: (i) extend the stated maturity of the Principal of, or any sinking fund obligation or any installment of interest on, such Holder's Note, or reduce the principal amount
thereof or the rate of interest thereon (including any amount in respect of original issue discount), or adversely affect the rights of such Holder under any mandatory redemption or repurchase
provision or any right of redemption or repurchase at the option of such Holder, or reduce the amount of the Principal of an Original Issue Discount Note that would be due and payable upon an
acceleration of the maturity thereof or the amount thereof provable in bankruptcy, insolvency or similar proceeding, or change any place of payment where, or the currency in which, any Principal or
the interest thereon is payable, modify any right to convert or exchange such Holder's Note for another security to the detriment of the Holder or impair the right to institute suit for the
enforcement of any such payment on or after the due date therefor; (ii) reduce the percentage in principal amount of outstanding Notes the consent of whose Holders is required for any such
supplemental indenture, for any waiver of compliance with certain provisions of the Indenture or certain Defaults and their consequences provided for in the Indenture; (iii) waive a Default in
the payment of Principal of or interest on any Note of such Holder; or (iv) modify any of the provisions of the Indenture governing supplemental indentures with the consent of Holders except to
increase any such percentage or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Security affected thereby. 

                        It
is also provided in the Indenture that, subject to certain conditions, the Holders of at least a majority in principal amount of the outstanding Securities of all series affected
(voting as a single class), by notice to the Trustee, may waive an existing Default or Event of Default with respect to the Securities of such series and its consequences, except a Default in the
payment of Principal of or interest on any
Note or in respect of a covenant or provision of the Indenture which cannot be modified or amended without the consent of the Holder of each outstanding Note affected. Upon any such waiver, such
Default shall cease to exist, and any Event of Default with respect to the Securities of such series arising therefrom shall be deemed to have been cured, for every purpose of the Indenture; but no
such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. 

                        Except
as set forth below, if the Principal of, or premium, if any, or interest on, this Note is payable in a Specified Currency other than U.S. dollars and such Specified Currency is
not available to the Company for making payments thereof due to the imposition of exchange controls or other circumstances beyond the control of the Company or is no longer used by the government of
the country issuing such currency or for the settlement of transactions by public institutions within the international banking community, then the Company shall be entitled to satisfy its obligations
to the Holder of this Note by making such payments in U.S. dollars on the basis of the Market Exchange Rate (as defined below) on the date of such payment or, if the Market Exchange Rate is not
available on such date, as of the most recent practicable date. Any payment made under such circumstances in U.S. dollars where the required payment is in a Specified Currency other than U.S. dollars
will not constitute an Event of Default. 

                        All
determinations referred to above made by the Company or its agents shall be at its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and
binding on Holders of Notes. So long as this Note shall be outstanding, the Company will cause to be 

15

 

maintained
an office or agency for the payment of the Principal of and premium, if any, and interest on this Note as herein provided in the Borough of Manhattan, The City of New York, and an office or
agency in said Borough of Manhattan for the registration, transfer and exchange as aforesaid of the Notes. The Company may designate other agencies for the payment of said Principal, premium, if any,
and interest at such place or places (subject to applicable laws and regulations) as the Company may decide. So long as there shall be any such agency, the Company shall keep the Trustee advised of
the names and locations of such agencies, if any are so designated. 

                        No
provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Principal of, premium, if any, and
interest on this Note at the time, place, and rate, and in the coin or currency, herein and in the Indenture prescribed unless otherwise agreed between the Company and the registered Holder of this
Note. 

                        Upon
due presentment for registration of transfer of this Note, a new Note or Notes of authorized denominations for an equal aggregate principal amount shall be issued to the transferee
in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith. 

                        The
Company or any agent of the Company, the registrar of the Notes or the Trustee may treat the Holder in whose name this Note is registered as the owner hereof for all purposes,
whether or not this Note is overdue, and neither the Company, the Registrar, the Trustee nor any such agent shall be affected by notice to the contrary. 

                        No
recourse shall be had for the payment of the Principal of, or premium, if any, or the interest on, this Note, for any claim based hereon, or otherwise in respect hereof, or based on
or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, shareholder, officer or director, as such, past, present or future, of the Company or of any successor
corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 

                        This
Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York (without regard to conflicts of law principles thereof). 

                        As
used herein: 

                        (i)        the
term "Business Day" means any day that is not a Saturday or Sunday and that is not a day on which banking institutions are generally authorized or obligated by law,
regulation or executive order to close in The City of New York and any other place of payment with respect to the applicable Notes and (i) with respect to Notes denominated in a Specified
Currency other than U.S. dollars or euro, "Business Day" shall not include a day on which banking institutions are generally authorized or obligated by law, regulation or executive order to close in
the principal financial center of the country of the Specified Currency, or (ii) with respect to Notes denominated in euro, "Business Day" shall also include any day on which the TransEuropean
Real-Time Gross Settlement Express Transfer (TARGET) System is in place; 

                        (ii)       the
term "Market Exchange Rate" shall mean the noon U.S. dollar buying rate in The City of New York for cable transfers as published by the Federal Reserve Bank of New
York; 

                        (iii)      the
term "United States" means the United States of America (including the States and the District of Columbia), its territories, its possessions and other areas
subject to its jurisdiction; and 

                        (iv)      all
other terms used in this Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. 

16

 

 
 

ABBREVIATIONS    

                        The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according
to applicable laws or regulations: 

TEN
COM—as tenants in common 

TEN
ENT—as tenants by the entireties 

JT
TEN—as joint tenants with right of survivorship and not as tenants in common 

UNIF
GIFT MIN
ACT—                                       
    (Custodian)                       (Minor) 

Under
Uniform Gifts to Minors
Act                                         
                      (State)
 

Additional
abbreviations may also be used though not in the above list. 

17

 

 

 

			
	                    FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
	

[PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]
	

  
	

  [PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE]
	

  the within Note and all rights thereunder, hereby irrevocably constituting and appointing
	

  attorney to transfer such Note on the books of the Company, with full power of substitution in the premises.

 

 

 

					
	 
	 	 	 	 Signature:

	 
	 	 	 	 
	 Dated:
	 	 

 	 	 

  NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

 

 18

 

 
 

  ANNEX A
  
    FORM OF OFFER FOR REPURCHASE    
    

PART
A: TO BE COMPLETED BY THE BENEFICIAL OWNER 

 

 

					
	 Dated:
	 	 	 	 
	 	 	

  	 	 
	 
	 	  [insert date]
	 	 

 

 Credit
Suisse AG ("Credit Suisse") 

Fax:
917-326-3140 

Re:

Exchange
Traded Notes due April     , 2020 

Linked
to the Cushing® 30 MLP Index (the "ETNs") 

Ladies
and Gentlemen: 

The
undersigned beneficial owner hereby irrevocably offers to Credit Suisse the right to repurchase the ETNs, as described in the Pricing Supplement dated April     , 2010, in the
amounts and on the date set forth below. 

 

 

							
	 
	 	Name of beneficial holder:	 	

  
	 
	 	 	 	  [insert name of beneficial owner]

 

 Stated
principal amount of ETNs offered for repurchase (You must offer at least 100,000 ETNs ($2,000,000 stated principal amount) for repurchase at one time for your offer to be valid.): 

[insert principal amount of ETNs offered for repurchase by Credit Suisse]

 

 

								
	 Applicable Valuation Date:
	 	                               ,
      20    	 	 	 	 	 
	 Applicable Repurchase Date:
	 	                                ,
      20    
	 	 	 	 	 
	 
	 	  [insert a date that is three Business Days following the applicable Valuation Date]

 

 

 

					
	 Contact Name:
	 	 

 	 	 
	 
	 	  [insert the name of a person or entity to be contacted with respect to this Offer for Repurchase]

	 Telephone #:
	 	 

 	 	 
	 
	 	  [insert the telephone number at which the contact person or entity can be reached]

 

 19

 

                        My
ETNs are held in the following DTC Participant's Account (the following information is available from the broker through which you hold your ETNs): 

Name: 

DTC
Account Number (and any relevant sub-account): 

Contact
Name: 

Telephone
Number: 

Acknowledgement:
In addition to any other requirements specified in the Pricing Supplement being satisfied, I acknowledge that the ETNs specified above will not be repurchased unless (i) this
Offer for Repurchase, as completed and signed by the DTC Participant through which my ETNs are held (the "DTC Participant"), is delivered to Credit Suisse by 10:00 a.m., New York City time, on
the Business Day immediately preceding the applicable Valuation Date, (ii) the DTC Participant has booked a "delivery vs. payment" ("DVP") trade on such applicable Valuation Date facing Credit
Suisse, and (iii) the DTC Participant instructs DTC to deliver the DVP trade to Credit Suisse as booked for settlement via DTC at or prior to 10:00 a.m., New York City time, on the
applicable Repurchase Date. 

                        The
undersigned acknowledges that Credit Suisse will not be responsible for any failure by the DTC Participant through which such undersigned's ETNs are held to fulfill the requirements
for repurchase set forth above. 

 

 

			
	 

 	 	 
	 [Beneficial Holder]

	 	 

 

 PART
B OF THIS NOTICE IS TO BE COMPLETED BY THE DTC PARTICIPANT IN WHOSE ACCOUNT THE ETNs ARE HELD AND DELIVERED TO CREDIT SUISSE BY 10:00 A.M., NEW YORK CITY TIME, ON THE BUSINESS DAY
IMMEDIATELY PRECEDING THE APPLICABLE VALUATION DATE 

20

 

 
 

  BROKER'S CONFIRMATION OF REPURCHASE    
    

[PART
B: TO BE COMPLETED BY BROKER] 

Dated:                                       
  

            [insert date]

Credit
Suisse AG ("Credit Suisse") 

Re:

Exchange
Traded Notes due April     , 2020 

Linked
to the Cushing® 30 MLP Index (the "ETNs") 

Ladies
and Gentlemen: 

The
undersigned holder of Exchange Traded Notes due April     , 2020 Linked to the Cushing® 30 MLP Index, issued by Credit Suisse AG,
acting through its Nassau Branch, CUSIP No. 22542D852 (the "ETNs") hereby irrevocably offers to Credit Suisse the right to repurchase, on the Repurchase Date
of                                    , with respect to
the number of the ETNs indicated below as described in the Pricing Supplement dated April     , 2010 relating to the ETNs (the "Pricing Supplement"). Terms not defined herein have the
meanings given to such terms in the Pricing Supplement. 

The
undersigned certifies to you that it will (i) book a delivery vs. payment trade on the Valuation Date with respect to the stated principal amount of ETNs specified below at a price per ETN
equal to the repurchase value, facing Credit Suisse AG, DTC #355 and (ii) deliver the trade as booked for settlement via DTC at or prior to 10:00 a.m., New York City time, on the
Repurchase Date. 

Very
truly yours, 

[NAME
OF DTC PARTICIPANT HOLDER] 

Contact
Name: 

Title: 

Telephone: 

Fax: 

E-mail: 

Stated
principal amount of ETNs offered for repurchase (You must offer at least 100,000 ETNs ($2,000,000 stated principal amount) for repurchase at one time for your offer to be valid.): 

 

DTC
# (and any relevant sub-account): 

21

QuickLinks

Exhibit 4.4

FORM OF ETN

[REVERSE OF NOTE]

CREDIT SUISSE AG MEDIUM-TERM NOTE (FIXED RATE)

ABBREVIATIONS

ANNEX A FORM OF OFFER FOR REPURCHASE

BROKER'S CONFIRMATION OF REPURCHASEExhibit 4.1

 

[PricewaterhouseCoopers
Letterhead]

 

PricewaterhouseCoopers LLP

1250 René-Lévesque Boulevard
West

Suite 2800

Montréal, Quebec

Canada H3b 2G4

Telephone +1 514 205 5000

Facsimile +1 514 876 1502

 

CONSENT OF INDEPENDENT ACCOUNTANTS

 

We
hereby consent to the use in this Registration Statement on Form F-8 of
our report dated Febraury 16, 2010 relating to the financial statements of
Osisko Mining Corporation, which appears in such Registration Statement.

 

 

	
  /s/ PricewaterhouseCoopers LLP

  	
   

  
	
  PricewaterhouseCoopers
  LLP

  	
   

  

 

 

Montréal,
Quebec, Canada

 

April 13,
2010

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