<SEC-DOCUMENT>0000950103-23-000983.txt : 20230125
<SEC-HEADER>0000950103-23-000983.hdr.sgml : 20230125
<ACCEPTANCE-DATETIME>20230125121126
ACCESSION NUMBER:		0000950103-23-000983
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230125
DATE AS OF CHANGE:		20230125

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:		23551384

	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>dp187524_fwp-g402.htm
<DESCRIPTION>FORM FWP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<TABLE CELLSPACING="0" CELLPADDING="0" 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: 0">Filed pursuant to Rule 433</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Registration Statement No. 333-238458-02</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">FINANCIAL PRODUCTS</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">FACTSHEET (G402)</P></TD>
    <TD STYLE="text-align: right; width: 55%; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%">
    <P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 28pt Arial, Helvetica, Sans-Serif; margin: 0">CS Notes</P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0">Linked to the Performance of the iShares<SUP>&reg;</SUP> ESG Aware MSCI
    USA ETF</P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>
    <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 11pt"></FONT></P></TD>
    </TR>
  </TABLE>

<DIV STYLE="float: left; width: 35%">

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; 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: 64%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">22553QQ91</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">1 year and 6 months</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">January 20, 2023</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">January 25, 2023</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">July 22, 2024</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">July 25, 2024</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>ESG Aware MSCI USA 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">$87.81, which is 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">200%</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">Maximum Return</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">13.50%</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">Fixed Return</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">4.50%</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">Threshold Level</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">104.50% of the Initial Level</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 14.5pt 0 0">Despite its name, there is no guarantee that the iShares<SUP>&reg;</SUP>
    ESG Aware MSCI USA ETF will provide exposure to companies that exhibit positive or favorable environmental, social and governance characteristics.
    If these characteristics of the iShares<SUP>&reg;</SUP> ESG Aware MSCI USA ETF are a factor in your decision to invest in the securities,
    you should consult with your legal or other advisers before making an investment in the securities<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.</FONT></P></TD></TR>
  </TABLE>

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

</DIV>

<DIV STYLE="float: right; width: 64%">

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0">The hypothetical Redemption Amounts set forth below are for illustrative
purposes only and may not be the actual returns applicable to you. The numbers appearing in the table have been rounded for ease of analysis.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" 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">70%</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">13.50%</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">$1,135</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">60%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</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">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</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">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</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">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</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">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</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">10%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CFD1D3">
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6.75%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">13.50%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,135</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">6%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12%</FONT></TD>
    <TD STYLE="border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,120</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">5%</FONT></TD>
    <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">$1,100</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3%</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">0%</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; 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="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; 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="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; 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="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; 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="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; 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="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;60%</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&minus;70%</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #A8A8A7 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,045</FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0">Payoff Description</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0"><B><I>Redemption Amount at maturity</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">If the Final Level is greater than the Threshold Level, you will receive
the <B>Principal Amount multiplied by the sum of one plus the product of the Upside Participation Rate and the Underlying Return, subject
to the Maximum Return.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0">If the Final Level is equal to or less than the Threshold Level, you
will receive the <B>Principal Amount multiplied by the sum of one plus the Fixed Return</B>.</P>

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

<P STYLE="margin: 0; font: 10pt Arial, Helvetica, Sans-Serif">Please see the accompanying pricing supplement for more information.</P>

</DIV>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 100%">&nbsp;</TD></TR>
</TABLE>

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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="border-top: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0">Selected Risk Considerations</P>

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

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

<P STYLE="margin: 0; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The risks set forth below are only intended
as summaries of material 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 pricing
supplement and the &ldquo;Risk Factors&rdquo; section in the product supplement, which set forth risks related to an investment in the
securities.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>Regardless of the appreciation in the level of the Underlying, which may be significant, the maximum Redemption Amount for each $1,000
principal amount of securities will not exceed $1,000 multiplied by the sum of one plus the Maximum Return.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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 Threshold Level will depend on the volatility of the Underlying.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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, 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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 investment strategy represented by the Underlying may not be successful.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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 an event occurs that does not require the calculation agent to make an adjustment, or if an adjustment is made but such adjustment
does not fully reflect the economics of such event, the value of the securities may be materially and adversely affected.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

</DIV>

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

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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 or any of our affiliates may carry out hedging activities related to the securities, including in the Underlying or instruments
related to the Underlying. We or our affiliates may also trade in the Underlying or instruments related to the Underlying from time to
time. Any of these hedging or trading activities on or prior to the Trade Date and during the term of the securities could adversely affect
our payment to you at maturity.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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 is $985 (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;)), which is less than the price to public.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 1.5pt"><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>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

</DIV>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-bottom: Black 1pt solid; width: 100%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0"><FONT STYLE="font-size: 9pt">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 pricing 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 Pricing
Supplement dated January 20, 2023, Product Supplement No. I&ndash;G 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 pricing supplement are inconsistent with those
described herein, the terms described in the applicable 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 pricing supplement, product supplement, prospectus supplement and prospectus if you so request by calling
toll-free 1-800-221-1037.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0"><FONT STYLE="font-size: 9pt">This fact sheet is a general description
of the terms of the offering. Please see the full description in the applicable pricing supplement: <A HREF="https://www.sec.gov/Archives/edgar/data/1053092/000095010323000955/dp187469_424b2-g402.htm" STYLE="color: Black">https://www.sec.gov/Archives/edgar/data/1053092/000095010323000955/dp187469_424b2-g402.htm</A></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0"><FONT STYLE="font-size: 9pt">You may access the 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 pricing supplement.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0"><FONT STYLE="font-size: 9pt"><I>Please note that &ldquo;we&rdquo;
and &ldquo;our&rdquo; refer to Credit Suisse AG and its affiliates in this document.</I></FONT></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">

</TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>CREDIT SUISSE SECURITIES (USA) LLC </B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>credit-suisse.com</B></P></TD>
</TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">Copyright &copy; 2023 Credit Suisse Group AG and/or its affiliates. All rights reserved.&nbsp;</FONT></TD>
</TR>
</TABLE>


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





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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  [ .D# 2(  A$! Q$!_\0
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MQAU32G2TUY7O[4?+YO2=/Q_B_'GWKT+Q$-/\>>$&U'P_>A[^Q_?VDT3%9(I
M,E#W4D#&#[&M'2<7:6W<A5%)71W5%>;?#KXF1>(4CTK5W2+55&$DX"W'T]&]
MN_;T'I-9RBXNS+C)25T%%%%24%%%8.L^-/#V@3>1J&IQ1W'_ #Q0&1_;Y5!(
M_&FDWL)M+<WJ*Y2U^)/A2ZF6'^U1!(W07,3Q#_OI@!^M=1%+'/$LL4BR1L,J
MZ'((]C0XM;H$T]A]%%%(84444 %%%% !1110 4444 %%<K>_$?PK8SO%)J?F
M&,XD>"%Y43ZLH(_(UO:9JMAK-BE[IUU'<V[\!T/?T(Z@^QJG%K5H2DGHBY11
M14C"BBB@ HHHH **** /G'XL>&QH7BY[F!-MIJ ,Z8'"OGYU_/!_X%7)Z-KF
MI>'[];W3+I[>8==IX8>C#H1[&O?/B_HPU/P1)=(N9K"03J>^T_*P_(Y_X#7S
MG7I49<\-3@JQY9Z'8Z_X*U73M+L_$UHOF6-W"ET6@!!M68!L$=0 3@-[<XKU
M/X9?$)?$=JNDZG*!JT*_*Y./M"CO_O#N._7UQR5C\:VLM.M[ >'8GMX(5A"_
M:2,J%QC[A[5R-W<:=J?B&WO/"T,NE7SR!TMI)%"+)G(\M^,9/\) 'H><5#C*
M:M-?,M247>+/J&BL'PGKL^MZ2#?VLEGJ=N1'=V\BE2K?W@#_  MU!^H[5O5P
MM6=F=:=U<X;XI>*Y_#'AI5LGV7UZYBB<=44#YF'N,@#ZYJUX%\%6GAO2XKF>
M)9M8N%WW-R_S-N/)4$] /UZFN0^.EK.;;1+]%W0PR2QMD9 9MI'Y[#^5>K6%
M[#J6GV][;N'AN(UD1AW!&:U>E-6ZF:UF[]"'5M'T_7+"2RU*UCN('&,,.5]P
M>H/N*X_5Y=1^'?PQ06<L$T]C((U:1"RNC2'&1D8.&'X@UWU<'\698YOAQ?M%
M(CJ)HU)5L@$2 $?4$$'Z5--W:B]KE3T3?4HW'BWQAHOAFR\27UOI5_I<\44T
MJ0!XIHA(!CDDKC) ^IKMX]434/#?]JV#X6:U,T+.N<97(R/;TKQ[7-3UMO!_
MAK2-;ABL?#EW#;JU[:CS79%12H8$C:> 3].,X(KV 6EK8>%S:66/LL-F4BP<
MY4)P<]_K5U(I)$0;;9Q'A+7?&_B[1&U*VO-&@42M$(Y+9R20 >H;WK=UG6=>
MT3X=7&J7:VJ:Q;+F0*I:(_O-O SG!7!KB_A99>)+CPB[Z3K%I:6WVIP8Y;3S
M3NPN3G</:NU^)08?#?5PQ!;RDR0,9.]:<DO:<NFX1;Y+^1E:+J/Q!U?0[;5[
M>3P_)'<1^8D,L<JMC/3(.,\?2M3POXV_MC5+C0]4L6TW6[;E[=FW*X'=#W['
MZ'()JQ\//^2?Z+_U[C^9KC_&8,?QF\*O:?+=,J"4CC,>]@<_\!WTK*4G&W<+
MM).YO+XJU,?%AO#3?9S8&#S01&0X.S.,Y]?:J>M:IX]T7P[=ZU=3:.B0?,+<
M0.S[2P R=V,\U1_YN%_[<O\ VG73?$S_ ))UK/\ US3_ -#6G9*45;>P:M-W
MVN96@ZAX]UC2]/U99M$:TN"CO"(W63R]V&P2<9QFMSX@F\'@+6#8[_/\C^#K
MLR-__CNZD^'G_)/]%_Z]Q_,UTCO&@'F,JACM&XXR3VK.3M/;8M*\=]SS_P"%
MGB#0KSPI::/;R117L*%9K9\!I#W8?W@?TKK--T6WT&ROX=. BCFF>X1-ORQ,
MRC( ],C./?%<9XI^$6FZDTE]H<ATW4,[U13^Z9OIU0^XX]J/A=XGU/6+#5-(
MUAFEO=-(02.<NP.X88]R"O7OFKDE).47ZD1;349(U?AIXJU#Q;H-U>ZDL EB
MNC$ODH5&W:I[D^IK1U'6KVT\=:+I,9B-G>P3/("OS!D&1@Y]QV[5R?P-/_%)
M7X_Z?F_]%I6[K?\ R5+PM_U[W?\ Z"*)12J->HXM\B9'_P )1J:_%?\ X1MO
MLYT]K?SE/ED.#LSC.<=1Z5:\0>);^+Q+9^&=$CMCJ-S"9WGNLF.&,9[#EF.#
MQ]*YQ_\ DX*/_KP_]D-:OCGP1>:Y?6NN:'?&SUJT38C;BHD7D@9'0\GV.<&B
MT;J_85Y6=NYKZ/=>)(=<?3M;2RFMV@::"[M$9 2&4%&4DX/S9_R:S!XDUOQ!
MXCU32_#OV&VM]+81SW-VC2%Y#D;552, $')/I5'P;XXU>;7_ /A%_%-C]GU4
M(6CF P)<#/(''0$Y'!P:J>(_!7B'2/$-UXF\&WF)K@F2YLF(^<]3C/# G)P>
M02<&CE2E:5OT"[:NO^"=CH=[K=QIVH1:Q!;P:A:RM$LD )BE&Q65P"<_Q<CV
MKC_!_B'QMXQT>;4;:[T>W6.=H-DELY)(56SD-_M5M^"?&K>+-/OH+RT-IJ=C
M\ES#@@<Y&0#R.000>E<7\)[+Q%<>%KI](U>UL[<7KAHYK3S26V)DYW#C&./:
MFHV4KI7T!N[5CTZPM+_4_"[V7B-(?M4Z307(M^$*EF4%<^JX//K658_#'PA8
MH ND1S-W>=V<G\"<?I761AQ&HD8,X W$#&33JQYFMC3E3W,+_A"O"_EA/^$>
MTS .?^/9,_GC-9E_\+O"%^I!TE8'[/;R,A'X9Q^E=A10IR74.6+Z&?HVF2:3
M8)9O>S7B1?+%)< &0)V#,,;L>N*T***3=RBAK.CV6OZ3/IM_'YEO,N#C@J>Q
M![$'FN$TC3/&G@-6L+*TB\0:,&+1*)A%-"">GS<>^!G\.:]*HJHS:5NA+BF[
MG#W.N>-=7MC;Z5X9_LR5Q@W=_<J1%]$')^OZ55UWP=J:_"C_ (1VS/\ :&H*
MX=FW!/,8R[V.6/N>IYKT*BGSVV0N2^[.7_X1=-6^'5EX?U2/RY5L(8FZ,8I5
M0#((X.".W7\:RO!MOXFTW1+KPYK.G.XMXWCM+U)49'3!PIYS]..G7&*[VBES
MNS0^57N>7>![?Q?X0T!M,D\(R73&=I?,74(%Z@#&,GTK<URU\1>)/A_J]M<Z
M4EMJ%PP6WLUG1B$#)U?.TDX8]NPKM:*;J7?-;42A96N>>:!=>,]$\-V.DQ^#
MA)+;QB/SI-2A"=^< D_A6CX9\(WL&N3^)?$5U%=:S,FQ%B'[JV3^ZN>^.,_7
MKDFNRHH<V[VZ@H'!?\(YJW_"Y/[>^R?\2S[+Y?G^8GWMF,;<[NOM6YXYTR\U
MCP7J6GV$/G74R*(X]P7)#J>I('0&NAHI<[NGV'RJS7<P_!NGW6E>#]+L+V+R
MKF"$+(FX-M.3W!(H\7:3?:SH$EMIEPEO?)+'-!*^<*Z,&'3..E;E%+F=^8=M
M+'$IXA\;BT-N_@X-?@;1.M['Y!./O=<@>W7WJQX#\'R>%K.[GO;A;C4]0D\V
MYD3[H/)"CUY9CGCK[5UU%-STLE82CK=GF.B:/XD^'^J:C!IVCC6-'O)?-B\J
M=8Y(3Z$-UXX_ <CI6[H^FZUJ_BM/$>N6<>G);6[06=DLHD<;C\SNPXSCC _I
MSV-%-U&_42@D<(WAW53\8DUX6O\ Q+!:>69_,7[VTC&W.[K[5HZBWB;2O$-Q
M>Z=I\>J:;<QINMQ<"*6)U&"PW<$$8XSV[=^JHI<]]Q\IPNF>']7UCQU%XKUR
MSCT];2 P6EFLHE?D-EG8<?QMP/;TYFM[GQAH,EW:'0TUBV-Q)):SPWB1LJ,Q
M8(X?'3.,BNTHHY[[H7*<;X.\+WVES:SK&J^4-3U:0R/#"<K"O)"Y[GGGZ"N=
M\!VGB_P;H<^G2>$I+HR7+3[UU"!,955QC<?[OZUZI13]H];]0Y%I8R=!NM8O
I+:>?6=.33Y#*1#;+*LI6, <EEX))W?3BM:BBH;N4@HHHI#"BBB@#_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
