<SEC-DOCUMENT>0000950103-22-021078.txt : 20221216
<SEC-HEADER>0000950103-22-021078.hdr.sgml : 20221216
<ACCEPTANCE-DATETIME>20221216103627
ACCESSION NUMBER:		0000950103-22-021078
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20221216
DATE AS OF CHANGE:		20221216

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:		221466832

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>dp185753_fwp-k2213.htm
<DESCRIPTION>FORM FWP
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 45%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">Filed pursuant to Rule 433</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">Registration Statement No. 333-238458-02</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">FINANCIAL PRODUCTS</FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">FACTSHEET (K2213)</FONT></P></TD>
    <TD STYLE="width: 55%; font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 99%">
    <P STYLE="font: 24pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Buffered Accelerated Return Equity Securities</P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Linked to the Performance of the iShares<SUP>&reg;</SUP> Core S&amp;P
Small-Cap ETF</P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Offering Period: December 16, 2022 &ndash; December 21, 2022</P></TD>
    <TD STYLE="width: 1%; font-size: 36pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<DIV STYLE="float: left; width: 49%">

<P STYLE="margin: 0"></P>

<P STYLE="border-top: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">Summary Product Terms</P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">CUSIP</FONT></TD>
    <TD STYLE="width: 60%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">22553QPL5</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Issuer</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">Credit Suisse AG (London branch)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Principal Amount</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">$1,000 per security</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Term</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">2.5 years</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Trade Date</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">December 22, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Settlement Date</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">December 28, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Valuation Date</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">June 25, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Maturity Date</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">June 30, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Underlying</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">iShares<SUP>&reg;</SUP> Core S&amp;P Small-Cap ETF</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Initial Level</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">The closing level of the Underlying on the Trade Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Final Level</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">The closing level of the Underlying on the Valuation Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Underlying Return</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(Final Level &ndash; Initial Level) / Initial Level</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Upside Participation Rate</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">Expected to be 125.65% (to be determined on the Trade Date)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Buffer Level</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">Expected to be 90% of the Initial Level</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="background-color: #003868"><FONT STYLE="font-size: 10pt; color: white">Buffer Amount</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">Expected to be 10% (to be determined on the Trade Date)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

</DIV>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<DIV STYLE="float: right; width: 49%">

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">Hypothetical Redemption Amounts</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">*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) an Upside Participation Rate of 125.65%, (ii) a Buffer
Level of 90% and (iii) a Buffer Amount of 10%. The numbers appearing in the table have been rounded for ease of analysis.</P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F1F2F2">
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Underlying Return</FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Return on the Securities*</FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Redemption Amount per $1,000 Principal Amount</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: #A8A8A7 1pt solid; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">100%</FONT></TD>
    <TD STYLE="border-top: #A8A8A7 1pt solid; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">125.65%</FONT></TD>
    <TD STYLE="border-top: #A8A8A7 1pt solid; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,256.50</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">62.83%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,628.25</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">40%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">50.26%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,502.60</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">30%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">37.70%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,376.95</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">20%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">25.13%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,251.30</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12.57%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,125.65</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;5%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;10%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;11%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;1%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$990</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;20%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;10%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$900</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;30%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;20%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$800</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;40%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;30%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$700</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;40%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$600</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-100%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;90%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$100</FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0pt">Payoff Description</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 3pt"><B><I>Redemption Amount at maturity</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 3pt">If, on the Valuation Date, the Underlying closes at or above the
Initial Level, you will receive the <B>Principal Amount plus a return based on the leveraged upside performance of the Underlying. </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 3pt">If the Underlying closes below the Initial Level and at or above
the Buffer Level, you will receive the <B>Principal Amount</B>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 3pt">However, if the Underlying closes below the Buffer Level, you will
be <B>exposed to any depreciation in the Underlying from the Initial Level to the Final Level beyond the Buffer Level. You could lose
up to $900 per Principal Amount.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 3pt">Any payment on the securities is subject to our ability to pay
our obligations as they become due.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Final terms will be determined on the Trade Date and will be provided
in the pricing supplement. The actual Upside Participation Rate will not be lower than the rate displayed in this document and the Buffer
Level will not be greater than the level set forth herein. Please see the accompanying preliminary pricing supplement for more information.</P>

</DIV>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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  <TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>


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    <P STYLE="border-top: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Selected Risk Considerations</P></TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">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 &ldquo;Selected Risk Considerations&rdquo;
section herein, the &ldquo;Selected Risk Considerations&rdquo; section in the preliminary pricing supplement and the &ldquo;Risk Factors&rdquo;
section in the product supplement, which set forth risks related to an investment in the securities<I>. </I></P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<DIV STYLE="float: left; width: 49%">

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B><I>Risks Relating to the Securities Generally</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>If the Final Level is less than the Buffer Level, you will lose 1% of your principal for each 1% decline from the Initial Level to
the Final Level beyond the Buffer Level. You could lose up to $900 per $1,000 principal amount of securities. Regardless of the amount
of any payment you receive on the securities, your actual yield may be different in real value terms.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The value of the securities and the payment of any amount due on the securities are subject to the credit risk of Credit Suisse.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The securities do not pay interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The probability that the Final Level will be less than the Buffer Level will depend on the volatility of the Underlying.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The U.S. federal tax consequences of an investment in the securities are unclear.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B><I>Risks Relating to the Underlying</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>Although shares of the Underlying are listed for trading on a national securities exchange and a number of similar products have been
traded on various national securities exchanges for varying periods of time, there is no assurance that an active trading market will
continue for the shares of the Underlying or that there will be liquidity in the trading market.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The performance and market value of the Underlying, particularly during periods of market volatility, may not correlate to the performance
of the index tracked by the Underlying.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The securities are linked to the iShares<SUP>&reg;</SUP> <FONT STYLE="color: windowtext">Core S&amp;P Small-Cap</FONT> ETF and are
subject to the risks associated with small-capitalization companies.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>Your return on the securities will not reflect the return you would realize if you actually owned shares of the Underlying or the
assets that comprise the Underlying.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>As a holder of the securities, you will not have voting rights or rights to receive cash dividends or other distributions or other
rights with respect to shares of the Underlying or the assets that comprise the Underlying.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>The calculation agent will make anti-dilution adjustments for certain events affecting the Underlying.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>Government regulatory action, including legislative acts and executive orders, could result in material changes to the Underlying
and could negatively affect your return on the securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B><I>Risks Relating to the Issuer</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>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.</TD></TR></TABLE>

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</DIV>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B><I>Risks Relating to Conflicts of Interest</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>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 (&ldquo;CSSU&rdquo;), 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.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><B><I>Risks Relating to Estimated Value and Secondary Market Prices of the Securities</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>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.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>Prior to maturity, costs such as concessions and hedging may affect the value of the securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>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 &ldquo;internal funding rate&rdquo;)), and the estimated value of the securities on the Trade Date may be less than the
price to public.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>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 &ldquo;secondary market
credit spreads&rdquo;), 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.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 8.65pt"></TD><TD STYLE="width: 9.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">o</FONT></TD><TD>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&rsquo;s credit ratings, may be a contributing factor.</TD></TR></TABLE>

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</DIV>

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  <TD STYLE="width: 100%">&nbsp;</TD></TR>
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<P STYLE="border-top: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0pt">Important Notice</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">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.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">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 December 16, 2022, Product Supplement No. I&ndash;C dated February 4, 2022, 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.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">This fact sheet is a general description of the terms of the offering.
Please see the full description in the applicable preliminary pricing supplement: <A HREF="https://www.sec.gov/Archives/edgar/data/1053092/000095010322021070/dp185738_424b2-k2213.htm" STYLE="text-decoration: underline; color: Black">https://www.sec.gov/Archives/edgar/data/1053092/000095010322021070/dp185738_424b2-k2213.htm</A></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 3pt">You may access the underlying supplement, product supplement, prospectus
supplement and prospectus on the SEC website at <U>www.sec.gov</U> or by clicking on the hyperlinks to each of the respective documents
incorporated by reference in the preliminary pricing supplement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>Please note that &ldquo;we&rdquo; and &ldquo;our&rdquo; refer to
Credit Suisse AG and its affiliates in this document.</I></P>

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