Bond Swiss Credit 7.15% ( US22547QD376 ) in USD

Issuer Swiss Credit
Market price 100 %  ▲ 
Country  Switzerland
ISIN code  US22547QD376 ( in USD )
Interest rate 7.15% per year ( payment 2 times a year)
Maturity 27/11/2023 - Bond has expired



Prospectus brochure of the bond Credit Suisse US22547QD376 in USD 7.15%, expired


Minimal amount 1 000 USD
Total amount /
Cusip 22547QD37
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Detailed description Credit Suisse was a global investment bank and financial services company headquartered in Zurich, Switzerland, that was acquired by UBS in March 2023 following a significant financial crisis.

The Bond issued by Swiss Credit ( Switzerland ) , in USD, with the ISIN code US22547QD376, pays a coupon of 7.15% per year.
The coupons are paid 2 times per year and the Bond maturity is 27/11/2023







http://www.sec.gov/Archives/edgar/data/1053092/000095010313006882...
424B2 1 dp42155_424b2-u922.htm FORM 424B2
Pricing Supplement No. U922
Filed Pursuant to Rule 424(b)(2)
To the Underlying Supplement dated July 29, 2013,
Registration Statement No. 333-180300-03
Product Supplement No. U-I dated March 23, 2012,
November 22, 2013
Prospectus Supplement dated March 23, 2012 and
Prospectus dated March 23, 2012
$1,142,000
7.15% per annum Contingent Coupon Autocallable Yield Notes due November 27, 2023
Linked to the Performance of the S&P 500® Index and the Russell 2000® Index
General
·
The securities are designed for investors who are mildly bearish or neutral on the Underlyings. Investors should be wil ing to lose some or all of their
investment if a Knock-In Event occurs. Any payment on the securities is subject to our ability to pay our obligations as they become due.
·
Subject to Automatic Early Redemption, if a Coupon Barrier Event does not occur, contingent coupons for the corresponding contingent coupon period wil
be paid quarterly in arrears at a Contingent Coupon Rate of 7.15% per annum. If a Coupon Barrier Event occurs on any Observation Date, no contingent
coupon wil be paid for the corresponding contingent coupon period. Contingent coupons wil be calculated on a 30/360 basis from and including the
Settlement Date to and excluding the earlier of the Automatic Early Redemption Date and the Maturity Date, as applicable.
·
If a Trigger Event occurs, the securities wil be automatical y redeemed and you wil be entitled to receive a cash payment equal to the principal amount of the
securities you hold and any accrued and unpaid contingent coupon payable, if any, on the corresponding Contingent Coupon Payment Date. No further
payments wil be made in respect of the securities.
·
Senior unsecured obligations of Credit Suisse AG, acting through its London Branch, maturing November 27, 2023.
·
Minimum purchase of $1,000. Minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof.
·
The securities priced on November 22, 2013 (the "Trade Date") and are expected to settle on November 27, 2013 (the "Settlement Date"). Delivery of the
securities in book-entry form only wil be made through The Depository Trust Company.
Key Terms
Issuer:
Credit Suisse AG ("Credit Suisse"), acting through its London Branch
Underlyings:
Each Underlying is identified in the table below, together with its Bloomberg ticker symbol, Initial Level, Coupon Barrier Level,
Knock-In Level and Trigger Level:

Coupon Barrier
Trigger
Underlying
Ticker
Initial Level
Level
Knock-In Level
Level

S&P 500® Index ("SPX")
SPX <Index>
1804.76
1263.332
1082.856
1804.76

Russell 2000® Index ("RTY")
RTY <Index>
1124.92
787.444
674.952
1124.92
Contingent Coupon Rate:
Subject to Automatic Early Redemption, if a Coupon Barrier Event does not occur, the Contingent Coupon Rate wil be 7.15% per
annum for the corresponding contingent coupon period. If a Coupon Barrier Event occurs, no contingent coupon wil be paid for the
corresponding contingent coupon period. Contingent coupons wil be calculated on a 30/360 basis from and including the
Settlement Date to and excluding the earlier of the Automatic Early Redemption Date and the Maturity Date, as applicable.
Coupon Barrier Event:
A Coupon Barrier Event wil occur if on an Observation Date the closing level of any Underlying is less than its Coupon Barrier Level.
Coupon Barrier Level:
For each Underlying, as set forth in the table above.
Contingent Coupon
Subject to Automatic Early Redemption, unless a Coupon Barrier Event occurs, contingent coupons wil be paid quarterly in arrears
Payment Dates:
on February 27, 2014, May 27, 2014, August 27, 2014, November 28, 2014, February 27, 2015, May 27, 2015, August 27, 2015,
November 27, 2015, February 29, 2016, May 27, 2016, August 29, 2016, November 28, 2016, February 27, 2017, May 30, 2017,
August 28, 2017, November 27, 2017, February 27, 2018, May 29, 2018, August 27, 2018, November 27, 2018, February 27, 2019,
May 28, 2019, August 27, 2019, November 27, 2019, February 27, 2020, May 27, 2020, August 27, 2020, November 27, 2020,
February 26, 2021, May 27, 2021, August 27, 2021, November 29, 2021, February 28, 2022, May 27, 2022, August 29, 2022,
November 28, 2022, February 27, 2023, May 30, 2023, August 28, 2023 and the Maturity Date, subject to the modified fol owing
business day convention. No contingent coupons wil accrue or be payable fol owing an Automatic Early Redemption.
Redemption Amount:
At maturity, the Redemption Amount you wil be entitled to receive wil depend on the individual performance of each Underlying and
whether a Knock-In Event occurs. Subject to Automatic Early Redemption, the Redemption Amount wil be determined as fol ows:

·
If a Knock-In Event occurs, the Redemption Amount wil equal the principal amount of the securities you hold multiplied by the
sum of one plus the Underlying Return of the Lowest Performing Underlying. In this case, the Redemption Amount will be
less than $600 per $1,000 principal amount of securities. You could lose your entire investment.

·
If a Knock-In Event does not occur, the Redemption Amount wil equal the principal amount of the securities you hold.

Any payment on the securities is subject to our ability to pay our obligations as they become due.
Investing in the securities involves a number of risks. See "Selected Risk Considerations" in this pricing supplement and "Risk Factors" beginning
on page PS-3 of the accompanying product supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities or passed upon the
accuracy or the adequacy of this pricing supplement or the accompanying underlying supplement, the product supplement, the prospectus supplement and the
prospectus. Any representation to the contrary is a criminal offense.


Price to Public(1)
Underwriting Discounts and Commissions(2)
Proceeds to Issuer
Per security
$1,000.00
$40.00
$960.00
Total
$1,142,000.00
$45,680.00
$1,096,320.00
(1) Certain fiduciary accounts may pay a purchase price of at least $960.00 per security, and CSSU wil forgo any fees with respect to such sales.
(2) We or one of our affiliates wil pay discounts and commissions of $40.00 per $1,000 principal amount of securities. For more detailed information, please see
"Supplemental Plan of Distribution (Conflicts of Interest)" on the last page of this pricing supplement.
The agent for this offering, Credit Suisse Securities (USA) LLC ("CSSU"), is our affiliate. For more information, see "Supplemental Plan of Distribution (Conflicts
of Interest)" on the last page of this pricing supplement.

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Credit Suisse currently estimates the value of each $1,000 principal amount of the securities on the Trade Date is $935.60 (as determined by
reference to our pricing models and the rate we are currently paying to borrow funds through issuance of the securities (our "internal funding
rate")). See "Selected Risk Considerations" in this pricing supplement.

The securities are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of
the United States, Switzerland or any other jurisdiction.
CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities Offered
Maximum Aggregate Offering Price
Amount of Registration Fee
Notes
$1,142,000.00
$147.09
Credit Suisse
November 22, 2013
(continued on next page)


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(continued from previous page)
Automatic Early
If a Trigger Event occurs, the securities wil be automatical y redeemed and you wil be entitled to receive a cash payment equal to
Redemption:
the principal amount of the securities you hold and any accrued and unpaid contingent coupon payable, if any, on the corresponding
Contingent Coupon Payment Date. No further payments wil be made in respect of the securities. Payment wil be made in respect
of such automatic early redemption on the Contingent Coupon Payment Date immediately fol owing the relevant Observation Date.
Any payment on the securities is subject to our ability to pay our obligations as they become due.
Trigger Event:
A Trigger Event wil occur on any Observation Date scheduled to occur on or after November 21, 2018 if the closing level of each
Underlying is equal to or greater than its respective Trigger Level.
Trigger Level:
For each Underlying, as set forth in the table above.
Knock-In Event:
A Knock-In Event wil occur if the Final Level of any Underlying is less than its Knock-In Level.
Knock-In Level:
For each Underlying, as set forth in the table above.
Lowest Performing
Underlying:
The Underlying with the lowest Underlying Return.
Underlying Return:
For each Underlying, the Underlying Return wil be calculated as fol ows:

Final Level - Initial
Level
, subject to a maximum of zero
Initial Level
Initial Level:
For each Underlying, as set forth in the table above.
Final Level:
For each Underlying, the closing level of such Underlying on the Valuation Date.
Observation Dates:
February 24, 2014, May 21, 2014, August 22, 2014, November 24, 2014, February 24, 2015, May 21, 2015, August 24, 2015,
November 23, 2015, February 24, 2016, May 24, 2016, August 24, 2016, November 22, 2016, February 22, 2017, May 24, 2017,
August 23, 2017, November 21, 2017, February 22, 2018, May 23, 2018, August 22, 2018, November 21, 2018, February 22,
2019, May 22, 2019, August 22, 2019, November 22, 2019, February 24, 2020, May 21, 2020, August 24, 2020, November 23,
2020, February 23, 2021, May 24, 2021, August 24, 2021, November 23, 2021, February 23, 2022, May 24, 2022, August 24,
2022, November 22, 2022, February 22, 2023, May 24, 2023, August 23, 2023 and the Valuation Date.
Valuation Date:
November 21, 2023
Maturity Date:
November 27, 2023
Listing:
The securities wil not be listed on any securities exchange.
CUSIP:
22547QD37
The determination of the closing level for each Underlying on each Observation Date, other than the Valuation Date, is subject to postponement if such date is not
a trading day for such Underlying or as a result of a market disruption event in respect of such Underlying, as described herein under "Market Disruption Events."
The Valuation Date is subject to postponement in respect of each Underlying if such date is not an underlying business day for such Underlying or as a result of a
market disruption event in respect of such Underlying, as described in the accompanying product supplement under "Description of the Securities--Market
disruption events." The Contingent Coupon Payment Dates (including the Maturity Date) are subject to postponement, each as described herein, if such date is
not a business day or if (a) the determination of the closing level for any Underlying on the corresponding Observation Date (other than the Valuation Date) is
postponed or (b) the Valuation Date is postponed, in each case because such date is not a trading day or an underlying business day for any Underlying, as
applicable, or as a result of a market disruption event in respect of any Underlying.



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Additional Terms Specific to the Securities

You should read this pricing supplement together with the underlying supplement dated July 29, 2013, the product supplement
dated March 23, 2012, the prospectus supplement dated March 23, 2012 and the prospectus dated March 23, 2012, relating
to our Medium-Term Notes of which these securities are a part. You may access these documents on the SEC website at
www.sec.gov as fol ows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):


·
Underlying supplement dated July 29, 2013:

http://www.sec.gov/Archives/edgar/data/1053092/000095010313004526/dp39753_424b2.htm


·
Product supplement No. U-I dated March 23, 2012:

http://www.sec.gov/Archives/edgar/data/1053092/000095010312001501/dp29492_424b2-ui.htm


·
Prospectus supplement and Prospectus dated March 23, 2012:

http://www.sec.gov/Archives/edgar/data/1053092/000104746912003186/a2208088z424b2.htm

Our Central Index Key, or CIK, on the SEC website is 1053092. As used in this pricing supplement, the "Company," "we," "us,"
or "our" refers to Credit Suisse.

This pricing supplement, together with the documents listed above, contains the terms of the securities and supersedes all
other prior or contemporaneous oral statements as wel as any other written materials including preliminary or indicative pricing
terms, fact sheets, correspondence, trade ideas, structures for implementation, sample structures, brochures or other
educational materials of ours. You should careful y consider, among other things, the matters set forth in "Risk Factors" in the
product supplement and "Selected Risk Considerations" in this pricing supplement, as the securities involve risks not
associated with conventional debt securities. You should consult your investment, legal, tax, accounting and other advisors
before deciding to invest in the securities.


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Hypothetical Redemption Amounts and Total Payments on the Securities

The tables and examples below il ustrate, for a $1,000 investment in the securities, hypothetical Redemption Amounts payable
at maturity for a hypothetical range of Underlying Returns of the Lowest Performing Underlying and, in the case of Table 2,
total contingent coupon payments over the term of the securities, which wil depend on the number of Coupon Barrier Events
that have occurred over the term of the securities. The tables and examples below reflect that if a Coupon Barrier Event does
not occur on an Observation Date, a contingent coupon wil be paid for the corresponding contingent coupon period at a rate of
7.15% per annum and assume that (i) the securities are not automatical y redeemed prior to maturity, (i ) the term of the
securities is exactly 10 years, (i i) the Coupon Barrier Level for each Underlying is 70% of the Initial Level of such Underlying
and (iv) the Knock-In Level for each Underlying is 60% of the Initial Level of such Underlying. The examples are intended to
il ustrate hypothetical calculations of only the Redemption Amount and do not il ustrate the calculation or payment of any
individual contingent coupon payment.

The hypothetical Redemption Amounts and total coupon payments set forth below are for il ustrative purposes only. The actual
Redemption Amounts and total coupon payments applicable to a purchaser of the securities wil depend on whether a Coupon
Barrier Event occurs on one or more Observation Dates, whether a Knock-In Event occurs and on the Final Level of the
Lowest Performing Underlying. It is not possible to predict how many Coupon Barrier Events wil occur, if any, or whether a
Knock-In Event wil occur, and, in the event that there is a Knock-In Event, by how much the Final Level of the Lowest
Performing Underlying wil decrease in comparison to its Initial Level. Furthermore, it is not possible to predict whether a
Trigger Event wil occur. If a Trigger Event occurs, the securities wil be automatical y redeemed for a cash payment equal to
the principal amount of the securities you hold and any accrued and unpaid contingent coupon payable and no further payments
wil be made in respect of the securities.

You wil not be entitled to participate in any appreciation in the Underlyings. You should consider careful y whether the securities
are suitable to your investment goals. Any payment on the securities is subject to our ability to pay our obligations as they
become due. The numbers appearing in the tables and examples below have been rounded for ease of analysis.

TABLE 1: Hypothetical Redemption Amounts

Percentage Change
from the Initial Level
Underlying Return of the Redemption Amount (excluding
to the Final Level of the Lowest
Lowest Performing
contingent coupon payments, if
Total Contingent
Performing Underlying
Underlying
any)
Coupon Payments
100.00%
0.00%
$1,000.00
90.00%
0.00%
$1,000.00
80.00%
0.00%
$1,000.00
70.00%
0.00%
$1,000.00
60.00%
0.00%
$1,000.00
50.00%
0.00%
$1,000.00
40.00%
0.00%
$1,000.00
30.00%
0.00%
$1,000.00
20.00%
0.00%
$1,000.00
10.00%
0.00%
$1,000.00
0.00%
0.00%
$1,000.00
(See table below)
-10.00%
-10.00%
$1,000.00
-20.00%
-20.00%
$1,000.00
-30.00%
-30.00%
$1,000.00
-40.00%
-40.00%
$1,000.00
-40.01%
-40.01%
$599.90
-50.00%
-50.00%
$500.00
-60.00%
-60.00%
$400.00
-70.00%
-70.00%
$300.00
-80.00%
-80.00%
$200.00
-90.00%
-90.00%
$100.00
-100.00%
-100.00%
$0.00



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TABLE 2: The expected total contingent coupon payments wil depend on how many Coupon Barrier Events occur.

Number of Coupon Barrier Events
Total Contingent Coupon Payments
A Coupon Barrier Event does not occur
$715.00
A Coupon Barrier Event occurs on 1 Observation Date
$697.13
A Coupon Barrier Event occurs on 2 Observation Dates
$679.25
A Coupon Barrier Event occurs on 3 Observation Dates
$661.38
A Coupon Barrier Event occurs on 4 Observation Dates
$643.50
A Coupon Barrier Event occurs on 5 Observation Dates
$625.63
A Coupon Barrier Event occurs on 6 Observation Dates
$607.75
A Coupon Barrier Event occurs on 7 Observation Dates
$589.88
A Coupon Barrier Event occurs on 8 Observation Dates
$572.00
A Coupon Barrier Event occurs on 9 Observation Dates
$554.13
A Coupon Barrier Event occurs on 10 Observation Dates
$536.25
A Coupon Barrier Event occurs on 11 Observation Dates
$518.38
A Coupon Barrier Event occurs on 12 Observation Dates
$500.50
A Coupon Barrier Event occurs on 13 Observation Dates
$482.63
A Coupon Barrier Event occurs on 14 Observation Dates
$464.75
A Coupon Barrier Event occurs on 15 Observation Dates
$446.88
A Coupon Barrier Event occurs on 16 Observation Dates
$429.00
A Coupon Barrier Event occurs on 17 Observation Dates
$411.13
A Coupon Barrier Event occurs on 18 Observation Dates
$393.25
A Coupon Barrier Event occurs on 19 Observation Dates
$375.38
A Coupon Barrier Event occurs on 20 Observation Dates
$357.50
A Coupon Barrier Event occurs on 21 Observation Dates
$339.63
A Coupon Barrier Event occurs on 22 Observation Dates
$321.75
A Coupon Barrier Event occurs on 23 Observation Dates
$303.88
A Coupon Barrier Event occurs on 24 Observation Dates
$286.00
A Coupon Barrier Event occurs on 25 Observation Dates
$268.13
A Coupon Barrier Event occurs on 26 Observation Dates
$250.25
A Coupon Barrier Event occurs on 27 Observation Dates
$232.38
A Coupon Barrier Event occurs on 28 Observation Dates
$214.50
A Coupon Barrier Event occurs on 29 Observation Dates
$196.63
A Coupon Barrier Event occurs on 30 Observation Dates
$178.75
A Coupon Barrier Event occurs on 31 Observation Dates
$160.88
A Coupon Barrier Event occurs on 32 Observation Dates
$143.00
A Coupon Barrier Event occurs on 33 Observation Dates
$125.13
A Coupon Barrier Event occurs on 34 Observation Dates
$107.25
A Coupon Barrier Event occurs on 35 Observation Dates
$89.38
A Coupon Barrier Event occurs on 36 Observation Dates
$71.50
A Coupon Barrier Event occurs on 37 Observation Dates
$53.63
A Coupon Barrier Event occurs on 38 Observation Dates
$35.75
A Coupon Barrier Event occurs on 39 Observation Dates
$17.88
A Coupon Barrier Event occurs on 40 Observation Dates
$0.00

The total payment on the securities wil be equal to the Redemption Amount applicable to an investor plus the total contingent
coupon payments on the securities.


The fol owing examples il ustrate how the Redemption Amount is calculated.

Example 1: A Knock-In Event occurs because the Final Level of an Underlying is less than its Knock-In Level.

Underlying
Final Level
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SPX
110% of Initial Level
RTY
50% of Initial Level

Since the Final Level of RTY is less than its Knock-In Level, a Knock-In Event occurs. RTY is also the Lowest Performing
Underlying.


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Therefore, the Underlying Return of the Lowest Performing Underlying wil equal:

Final Level of RTY ­ Initial Level of RTY
Initial Level of RTY

= -0.50

The Redemption Amount = principal amount of the securities × (1 + Underlying Return of the Lowest Performing Underlying)

= $1,000 × (1 ­ 0.50) = $500

Example 2: A Knock-In Event does not occur because the Final Level of each Underlying is greater than its Knock-In
Level.

Underlying
Final Level
SPX
75% of Initial Level
RTY
90% of Initial Level

Since the Final Level of each Underlying is not less than its Knock-In Level, a Knock-In Event does not occur.

Therefore, the Redemption Amount equals $1,000.


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Selected Risk Considerations

An investment in the securities involves significant risks. Investing in the securities is not equivalent to investing directly in the
Underlyings. These risks are explained in more detail in the "Risk Factors" section of the accompanying product supplement.


·
YOU MAY RECEIVE LESS THAN THE PRINCIPAL AMOUNT AT MATURITY -- You may receive less at maturity
than you originally invested in the securities, or you may receive nothing, excluding any accrued and unpaid
contingent coupons, if any. If the Final Level of any Underlying is less than its Knock-In Level, you wil be ful y
exposed to any depreciation in the Lowest Performing Underlying. In this case, the Redemption Amount you wil be
entitled to receive wil be less than the principal amount of the securities, and you could lose your entire
investment. It is not possible to predict whether a Knock-In Event wil occur, and in the event that there is a
Knock-In Event, by how much the Final Level of the Lowest Performing Underlying wil decrease in comparison to
its Initial Level. Any payment on the securities is subject to our ability to pay our obligations as they become due.


·
THE SECURITIES WILL NOT PAY MORE THAN THE PRINCIPAL AMOUNT, PLUS ACCRUED AND UNPAID
CONTINGENT COUPON, IF ANY, AT MATURITY OR UPON AUTOMATIC EARLY REDEMPTION -- The
securities wil not pay more than the principal amount, plus accrued and unpaid contingent coupon, if any, at
maturity or upon automatic early redemption. Even if the Final Level of each Underlying is greater than its
respective Initial Level, you wil not participate in the appreciation of any Underlying. Assuming the securities are
held to maturity and the term of the securities is exactly 10 years, the maximum amount payable with respect to
the securities wil not exceed $1,715 for each $1,000 principal amount of the securities.


·
THE SECURITIES ARE SUBJECT TO THE CREDIT RISK OF CREDIT SUISSE -- Although the return on the
securities wil be based on the performance of the Underlyings, the payment of any amount due on the securities,
including any applicable contingent coupon payments, if any, automatic early redemption payment and payment at
maturity, is subject to the credit risk of Credit Suisse. Investors are dependent on our ability to pay all amounts due
on the securities and, therefore, investors are subject to our credit risk. In addition, any decline in our credit
ratings, any adverse changes in the market's view of our creditworthiness or any increase in our credit spreads is
likely to adversely affect the value of the securities prior to maturity.


·
IF A COUPON BARRIER EVENT OCCURS ON ANY OBSERVATION DATE, YOU WILL NOT RECEIVE ANY
CONTINGENT COUPON PAYMENT FOR THE CORRESPONDING CONTINGENT COUPON PERIOD -- If a
Coupon Barrier Event occurs on an Observation Date, you wil not receive any contingent coupon payment for the
corresponding contingent coupon period. For example, if a Coupon Barrier Event occurs on every Observation
Date, you wil not receive any contingent coupon payments during the term of the securities.


·
THE REDEMPTION AMOUNT PAYABLE AT MATURITY WILL BE LESS THAN THE PRINCIPAL AMOUNT OF
THE SECURITIES EVEN IF A KNOCK-IN EVENT OCCURS WITH RESPECT TO ONLY ONE UNDERLYING
-- Even if the Final Level of only one Underlying is less than its Knock-In Level, a Knock-In Event wil have
occurred. In this case, the Redemption Amount payable at maturity wil be less than the principal amount of the
securities.


·
THE SECURITIES ARE SUBJECT TO A POTENTIAL AUTOMATIC EARLY REDEMPTION, WHICH WOULD
LIMIT YOUR OPPORTUNITY TO ACCRUE CONTINGENT COUPONS OVER THE FULL TERM OF THE
SECURITIES --The securities are subject to a potential automatic early redemption. If a Trigger Event occurs, the
securities wil be automatical y redeemed and you wil be entitled to receive a cash payment equal to the principal
amount of the securities you hold and any accrued and unpaid contingent coupon payable, if any, on that
Contingent Coupon Payment Date, and no further payments wil be made in respect of the securities. In this case,
you wil lose the opportunity to continue to accrue and be paid contingent coupons from the date of Automatic
Early Redemption to the scheduled Maturity Date. If the securities are automatical y redeemed prior to the
Maturity Date, you may be unable to invest in other securities with a similar level of risk that yield as much as the
securities.



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