Obligation Swiss Credit 3.875% ( CH0360172719 ) en CHF

Swiss Credit

100 % ⇌

Suisse

CH0360172719 ( en CHF )

3.875% par an ( paiement annuel )

Perpétuelle

Prospectus brochure de l'obligation Credit Suisse CH0360172719 en CHF 3.875%, échéance Perpétuelle

5 000 CHF

200 000 000 CHF

22/09/2025 ( Dans 120 jours )

Credit Suisse était une grande banque suisse, active dans la gestion de fortune, l'investissement bancaire et les services financiers, avant sa prise de contrôle par UBS en mars 2023 suite à une crise de confiance.

L'Obligation émise par Swiss Credit ( Suisse ) , en CHF, avec le code ISIN CH0360172719, paye un coupon de 3.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le Perpétuelle

IMPORTANT NOTICE
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE
UNITED STATES EXCEPT FOR QUALIFIED INSTITUTIONAL BUYERS.
IMPORTANT: You must read the following before continuing. The following disclaimer applies to the
Information Memorandum following this page, and you are therefore advised to read this carefully before
reading, accessing or making any other use of the Information Memorandum. In accessing the Information
Memorandum, you agree to be bound by the following terms and conditions, including any modifications to
them any time you receive any information from us as a result of such access. You acknowledge that you will
not forward this electronic transmission or the attached Information Memorandum to any other person.
THE FOLLOWING INFORMATION MEMORANDUM AND ITS CONTENTS ARE CONFIDENTIAL
AND MAY ONLY BE DISTRIBUTED IN ``OFFSHORE TRANSACTIONS'' TO PERSONS OTHER
THAN U.S. PERSONS AS DEFINED IN, AND AS PERMITTED BY, REGULATION S UNDER THE US
SECURITIES ACT OF 1933, AS AMENDED (THE ``SECURITIES ACT''). ANY FORWARDING,
REDISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS
UNAUTHORISED. FAILURE TO COMPLY WITH THIS NOTICE MAY RESULT IN A VIOLATION OF
THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR
SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO
SO. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE
SECURITIES ACT OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR
OTHER JURISDICTION OF THE UNITED STATES AND MAY NOT BE OFFERED OR SOLD WITHIN
THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT
PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL
SECURITIES LAWS.
The securities referred to in the Information Memorandum are not intended to be sold and should not be sold
to retail clients in the EEA, as defined in the rules set out in the Product Intervention (Contingent Convertible
Instruments and Mutual Society Shares) Instrument 2015, as amended or replaced from time to time, other
than in circumstances that do not and will not give rise to a contravention of those rules by any person.
Prospective investors are referred to the section headed "Restrictions on marketing and sales to retail
investors" on page 2 of the Information Memorandum for further information.
Confirmation of your Representation: You have been sent the attached Information Memorandum on the
basis that you have confirmed to the Managers (as defined herein), being the senders of the attached, that: (i)
you have understood and agree to the terms set out herein, (ii) you are not a U.S. person (within the meaning
of Regulation S under the Securities Act), and are not acting for the account or benefit of any U.S. person, and
that you and the electronic mail address that you have given us and to which this e-mail has been delivered
are not located in the United States, its territories and possessions, (iii) you consent to delivery by electronic
transmission, (iv) you will not transmit the attached Information Memorandum (or any copy of it or part
thereof) or disclose, whether orally or in writing, any of its contents to any other person except with the
consent of the relevant Manager, (v) you acknowledge that you will make your own assessment regarding any
legal, taxation or other economic considerations with respect to your decision to subscribe for, or purchase
any of, the securities and (vi) if you are a person in the United Kingdom, then you are a person who (x) has
professional experience in matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (y) is a high
net worth entity falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to

as "Relevant Persons"). In the United Kingdom, the Information Memorandum may only be communicated
or caused to be communicated to persons in circumstances where Section 21(1) of the Financial Services and
Markets Act 2000 does not apply and may only be distributed to Relevant Persons and must not be acted on or
relied on by persons who are not Relevant Persons. Any investment or investment activity to which the
Information Memorandum relates is available only to Relevant Persons and will be engaged in only with
Relevant Persons.
You are reminded that the Information Memorandum has been delivered to you on the basis that you are a
person into whose possession the Information Memorandum may be lawfully delivered in accordance with
the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver the
Information Memorandum to any other person.
The Information Memorandum does not constitute, and may not be used in connection with, an offer or
solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that
the offering be made by a licenced broker or dealer and a Manager, or any affiliate of such Manager, is a
licenced broker or dealer in that jurisdiction, the offering shall be deemed to be made by such Manager or
such affiliate on behalf of Credit Suisse Group AG in such jurisdiction.
The attached Information Memorandum has been sent to you in an electronic form. You are reminded that
documents transmitted via this medium may be altered or changed during the process of electronic
transmission and consequently none of the Issuer, the Managers nor any person who controls them nor any
director, officer, employee nor agent of it or affiliate of any such person accepts any liability or responsibility
whatsoever in respect of any difference between the Information Memorandum distributed to you in
electronic format and the hard copy version available to you on request from the Managers.

IMPORTANT NOTICE
20 March 2017
Dear Sir or Madam,
Proposed Offering of CHF 200,000,000 3.875 per cent. Perpetual Tier 1 Contingent Write-down Capital
Notes (the "Notes") by Credit Suisse Group AG (the "Issuer")
We refer to the proposed offer of the Notes, further details of which are set out in the information
memorandum dated 20 March 2017 (the "Information Memorandum") which is being sent to you together
with this letter.
The Notes discussed in the Information Memorandum are complex financial instruments and are not a
suitable or appropriate investment for all investors. See also the section entitled "Risk Factors--Factors
which are material for the purpose of assessing an investment in the Notes" in the Information Memorandum.
In some jurisdictions, regulatory authorities have adopted or published laws, regulations or guidance with
respect to the offer or sale of securities such as the Notes to retail investors.
In particular, in June 2015, the United Kingdom Financial Conduct Authority (the "FCA") published the
Product Intervention (Contingent Convertible Instruments and Mutual Society Shares) Instrument 2015,
which took effect from 1 October 2015 (the "PI Instrument"). Under the rules set out in the PI Instrument
(as amended or replaced from time to time, the "PI Rules"),
(i) certain contingent write-down or convertible securities (including any beneficial interests therein), such
as the Notes, must not be sold to retail clients in the EEA and
(ii) from 1 October 2015 there must not be any communication or approval of an invitation or inducement to
participate in, acquire or underwrite such securities (or the beneficial interest in such securities) where
that invitation or inducement is addressed to or disseminated in such a way that it is likely to be received
by a retail client in the EEA (in each case, within the meaning of the PI Rules), other than in accordance
with the limited exemptions set out in the PI Rules.
The managers in relation to the offering (or their affiliates) (together, the "Managers") are required to comply
with the applicable PI Rules. By purchasing, or making or accepting an offer to purchase, any Notes (or a
beneficial interest in such Notes) from the Issuer and/or any Manager, you represent, warrant, agree with and
undertake to the Issuer and each of the Managers that:
1.
you are not a retail client in the EEA (as defined in the applicable PI Rules);
2.
whether or not you are subject to the PI Rules, you will not:
(A)
sell or offer the Notes (or any beneficial interests therein) to retail clients in the EEA or
(B)
communicate (including the distribution of the Information Memorandum or the final
information memorandum) or approve an invitation or inducement to participate in, acquire
or underwrite the Notes (or any beneficial interests therein) where that invitation or
inducement is addressed to or disseminated in such a way that it is likely to be received by a
retail client in the EEA (in each case within the meaning of the PI Rules), in any such case
other than (i) in relation to any sale or offer to sell the Notes (or any beneficial interests
therein) to a retail client in or resident in the United Kingdom, in circumstances that do not

and will not give rise to a contravention of the PI Rules by any person and/or (ii) in relation to
any sale or offer to sell the Notes (or any beneficial interests therein) to a retail client in any
EEA member state other than the United Kingdom, where (a) you have conducted an
assessment and concluded that the relevant retail client understands the risks of an investment
in the Notes (or any beneficial interests therein) and is able to bear the potential losses
involved in an investment in the Notes (or any beneficial interests therein) and (b) you have at
all times acted in relation to such sale or offer in compliance with the Markets in Financial
Instruments Directive (2004/39/EC) ("MiFID") to the extent it applies to you or, to the extent
MiFID does not apply to you, in a manner which would be in compliance with MiFID if it
were to apply to you; and
3.
you will at all times comply with all applicable laws, regulations and regulatory guidance (whether
inside or outside the EEA) relating to the promotion, offering, distribution and/or sale of the Notes (or
any beneficial interests therein), including (without limitation) any such laws, regulations and regulatory
guidance relating to determining the appropriateness and/or suitability of an investment in the Notes (or
any beneficial interests therein) by investors in any relevant jurisdiction.
Where you act as agent on behalf of a disclosed or undisclosed client when purchasing, or making or
accepting an offer to purchase, any Notes (or any beneficial interests therein) from the Issuer and/or the
Managers, the foregoing representations, warranties, agreements and undertakings will be given by and be
binding upon both you and your client.
Potential investors should inform themselves of, and comply with, any applicable laws, regulations or
regulatory guidance with respect to any resale of the Notes (or any beneficial interests therein), including the
applicable PI Rules.
This document is not an offer to sell or an invitation to buy any Notes.
Your receipt of this letter and offer or agreement to buy any Notes will be deemed your acceptance of the
terms of this letter.
Yours faithfully,
The Managers

Credit Suisse Group AG
(incorporated with limited liability in Switzerland)
CHF 200,000,000 3.875 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes
Issue Price: 100 per cent.
The CHF 200,000,000 3.875 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes (the "Notes") will be issued by Credit Suisse Group AG (the "Issuer" or
"CSG") on 22 March 2017 (the "Issue Date"). Interest on the Notes will accrue from (and including) the Issue Date to (but excluding) the First Optional Redemption Date (as
defined herein) at an initial rate of 3.875 per cent. per annum payable annually in arrear on 22 September in each year, and thereafter at the applicable Reset Interest Rate, based
on the Mid Market Swap Rate plus 3.993 per cent., payable annually in arrear on 22 September in each year. There will be a short first Interest Period. The first payment of
interest will be made on 22 September 2017 in respect of the period from (and including) the Issue Date to (but excluding) such Interest Payment Date (as defined herein).
Payments on the Notes will be made without deduction for or on account of taxes of Switzerland to the extent described herein under "Terms and Conditions of the Notes --
Taxation". Payments of interest will be made at the sole discretion of the Issuer and may be subject to mandatory cancellation, as more particularly described herein
under "Terms and Conditions of the Notes Interest Calculations Cancellation of Interest; Prohibited Interest". Any interest not paid as foresaid will not accumulate.
The Notes are perpetual securities and have no fixed or final redemption date. Unless previously redeemed or purchased and cancelled as described below, and provided
that no Write-down Event (as defined herein) has occurred, the Notes may, subject to the satisfaction of certain conditions described herein and applicable law, be redeemed at
the option of the Issuer, on the First Optional Redemption Date or on any Reset Date (each as defined herein) thereafter, in whole, but not in part, at their principal amount plus
accrued but unpaid interest thereon. The Notes are also subject to redemption in whole, but not in part, at the option of the Issuer, at their Tax Event Redemption Amount upon
the occurrence of a Tax Event or at their Capital Event Redemption Amount upon the occurrence of a Capital Event (each as defined herein), as more particularly described in
"Terms and Conditions of the Notes -- Redemption, Substitution, Variation and Purchase". The Notes will constitute direct, unsecured and subordinated obligations of the Issuer
and shall rank at all times pari passu and without any preference among themselves, as more particularly described herein under "Terms and Conditions of the Notes -- Status of
the Notes" and "-- Subordination of the Notes".
If a Write-down Event occurs, a Write-down (as defined herein) will occur on the relevant Write-down Date (as defined herein), as more particularly described
in "Terms and Conditions of the Notes -- Write-down". In such circumstances, interest on the Notes shall cease to accrue, the full principal amount of, and any accrued
interest on, each Note will automatically and permanently be written-down to zero, Holders (as defined herein) will lose their entire investment in the Notes and all
rights of any Holder for payment of any amounts under or in respect of the Notes will become null and void. See "Risk Factors -- The likelihood of an occurrence of a
write-down of the Notes is material for the purpose of assessing an investment in the Notes". Each Holder and beneficial owner of a Note agrees, by accepting a direct or
beneficial interest in such Note, to be bound by and consents to the application of the Write-down.
The Notes are expected to be provisionally admitted to trading on the SIX Swiss Exchange Ltd. ("SIX Swiss Exchange") from 21 March 2017. The last trading day is
expected to be the second dealing day prior to the date on which the Notes are fully redeemed or the Write-down Date, as applicable, in accordance with the Terms and
Conditions of the Notes. Application will be made to the SIX Swiss Exchange for listing of the Notes.
The Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes may not be offered or sold or
delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act ("Regulation S")), except pursuant to
an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes are being offered and sold only in "offshore transactions" to
non-U.S. persons (as defined in Regulation S) in reliance on Regulation S. Prospective purchasers are hereby notified that sellers of the Notes may be relying on the exemption
from the provisions of section 5 of the Securities Act provided by Regulation S. For a description of these and certain further restrictions on offers and sales of the Notes and
distribution of this Information Memorandum, see "Selling Restrictions".
The Notes are issued in uncertificated form in denominations of CHF5,000 and integral multiples of CHF5,000 in excess thereof as uncertificated securities (Wertrechte)
in accordance with Article 973c of the Swiss Federal Code of Obligations. The uncertificated securities will be created by the Issuer by means of a registration in its register of
uncertificated securities (Wertrechtebuch) and will be entered into the main register (Hauptregister) of SIX SIS Ltd and credited to the accounts of one or more participants of
SIX SIS Ltd. The Notes will then constitute Intermediated Securities (Bucheffekten) in accordance with the provisions of the Swiss Federal Intermediated Securities Act
(Bucheffektengesetz).
The Notes are expected upon issue to be rated BB by Fitch Ratings Limited ("Fitch") and BB- by Standard & Poor's Credit Market Services Europe Limited
("Standard & Poor's"). A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, modification or withdrawal at any time by
the assigning rating agency.
An investment in Notes involves certain risks, including the risk that Holders will lose their entire investment in the Notes. For a discussion of certain of the
risks that potential investors should carefully consider before deciding to invest in the Notes, see "Risk Factors".
Sole Bookrunner
Credit Suisse
Senior Co-Lead Managers
Commerzbank
Zürcher Kantonalbank
Senior Co-Managers
Basler Kantonalbank
Crédit Agricole Corporate and
Investment Bank
LGT Bank AG
Lloyds Bank
Raiffeisen Switzerland
Co-Managers
Bank Julius Baer & Co. AG
Bank J. Safra Sarasin AG
Bank Vontobel AG
Banque Lombard Odier & Cie SA
The date of this Information Memorandum is 20 March 2017.

This Information Memorandum may only be used for the purposes for which it has been published.
The Issuer accepts responsibility (including for the purposes of, Article 27 of the listing rules of the
SIX Swiss Exchange and section 4 of Scheme E thereunder) for all information contained in this Information
Memorandum. The information contained in this Information Memorandum is, to the best of the Issuer's
knowledge, correct and no material facts or circumstances have been omitted herefrom.
This Information Memorandum is to be read in conjunction with all documents which are incorporated
herein by reference (see "Documents Incorporated by Reference"). This Information Memorandum shall be
read and construed on the basis that such documents are incorporated and form part of this Information
Memorandum.
The Managers (as defined herein under "Selling Restrictions") have not independently verified the
information contained herein. Accordingly, no representation, warranty or undertaking, express or implied, is
made and no responsibility or liability is accepted by the Managers as to the accuracy or completeness of the
information contained or incorporated in this Information Memorandum or any other information provided by
the Issuer in connection with the Notes.
No person is or has been authorised by the Issuer or the Managers to give any information or to make
any representation not contained in or not consistent with this Information Memorandum or any other
information supplied in connection with the Notes and, if given or made, such information or representation
must not be relied upon as having been authorised by the Issuer or the Managers.
To the fullest extent permitted by law, the Managers accept no responsibility whatsoever for the
contents of this Information Memorandum or for any other statement, made or purported to be made by the
Managers or on their behalf in connection with the Issuer or the issue and offering of the Notes. The
Managers accordingly disclaim all and any liability whether arising in tort or contract or otherwise (save as
referred to above) which they might otherwise have in respect of this Information Memorandum or any such
statement.
Neither this Information Memorandum nor any other information supplied in connection with the
Notes (a) is intended to provide the basis of any credit or other evaluation or (b) should be considered as a
recommendation by the Issuer or the Managers that any recipient of this Information Memorandum or any
other information supplied in connection with the Notes should purchase any Notes. Each investor
contemplating purchasing any Notes should make its own independent investigation of the financial condition
and affairs, and its own appraisal of the creditworthiness, of the Issuer. Neither this Information Memorandum
nor any other information supplied in connection with the issue of the Notes constitutes an offer or invitation
by or on behalf of the Issuer or the Managers to any person to subscribe for or to purchase any Notes.
Neither the delivery of this Information Memorandum nor the offering, sale or delivery of any Notes
shall in any circumstances imply that the information contained herein concerning the Issuer is correct at any
time subsequent to the date hereof or that any other information supplied in connection with the issue of the
Notes is correct as of any time subsequent to the date indicated in the document containing the same. Each
Manager expressly does not undertake to review the financial condition or affairs of the Issuer during the life
of the Notes or to advise any investor in the Notes of any information coming to its attention.
RESTRICTIONS ON MARKETING AND SALES TO RETAIL INVESTORS
The Notes discussed in this Information Memorandum are complex financial instruments and are not a
suitable or an appropriate investment for all investors. In some jurisdictions, regulatory authorities have
adopted or published laws, regulations or guidance with respect to the offer or sale of securities such as the
Notes to retail investors.
2

In particular, in June 2015, the United Kingdom Financial Conduct Authority (the "FCA") published
the Product Intervention (Contingent Convertible Instruments and Mutual Society Shares) Instrument 2015,
which took effect from 1 October 2015 (the "PI Instrument").
Under the rules set out in the PI Instrument (as amended or replaced from time to time, the "PI
Rules"), (i) certain contingent write-down or convertible securities (including any beneficial interests
therein), such as the Notes, must not be sold to retail clients in the EEA and (ii) from 1 October 2015, there
must not be any communication or approval of an invitation or inducement to participate in, acquire or
underwrite such securities (or the beneficial interest in such securities) where that invitation or inducement is
addressed to or disseminated in such a way that it is likely to be received by a retail client in the EEA (in each
case, within the meaning of the PI Rules), other than in accordance with the limited exemptions set out in the
applicable PI Rules.
To the extent applicable, the Managers are required to comply with the applicable PI Rules. By
purchasing, or making or accepting an offer to purchase, any Notes (or a beneficial interest in such Notes)
from the Issuer and/or the Managers, each prospective investor represents, warrants, agrees with and
undertakes to the Issuer and each of the Managers that:
1.
it is not a retail client in the EEA (as defined in the applicable PI Rules);
2.
whether or not it is subject to the PI Rules, it will not (A) sell or offer the Notes (or any beneficial
interests therein) to retail clients in the EEA or (B) communicate (including the distribution of this
Information Memorandum) or approve an invitation or inducement to participate in, acquire or
underwrite the Notes (or any beneficial interests therein) where that invitation or inducement is
addressed to or disseminated in such a way that it is likely to be received by a retail client in the EEA
(within the meaning of the PI Rules), in any such case other than (i) in relation to any sale or offer to
sell Notes (or any beneficial interests therein) to a retail client in or resident in the United Kingdom, in
circumstances that do not and will not give rise to a contravention of the PI Rules by any person and/or
(ii) in relation to any sale or offer to sell Notes (or any beneficial interests therein) to a retail client in
any EEA member state other than the United Kingdom, where (a) it has conducted an assessment and
concluded that the relevant retail client understands the risks of an investment in the Notes (or such
beneficial interests therein) and is able to bear the potential losses involved in an investment in the
Notes (or such beneficial interests therein) and (b) it has at all times acted in relation to such sale or
offer in compliance with the Markets in Financial Instruments Directive (2004/39/EC) ("MiFID") to
the extent it applies to it or, to the extent MiFID does not apply to it, in a manner which would be in
compliance with MiFID if it were to apply to it; and
3.
it will at all times comply with all applicable laws, regulations and regulatory guidance (whether inside
or outside the EEA) relating to the promotion, offering, distribution and/or sale of the Notes (or any
beneficial interests therein), including (without limitation) any such laws, regulations and regulatory
guidance relating to determining the appropriateness and/or suitability of an investment in the Notes
(or any beneficial interests therein) by investors in any relevant jurisdiction.
Where acting as agent on behalf of a disclosed or undisclosed client when purchasing, or making or
accepting an offer to purchase, any Notes (or any beneficial interests therein) from the Issuer and/or the
Managers, the foregoing representations, warranties, agreements and undertakings will be given by and be
binding upon both the agent and its underlying client.
EACH PURCHASER OF THE NOTES MUST COMPLY WITH ALL APPLICABLE LAWS
AND REGULATIONS IN FORCE IN ANY JURISDICTION IN WHICH IT PURCHASES, OFFERS
OR SELLS THE NOTES OR POSSESSES OR DISTRIBUTES THIS INFORMATION
MEMORANDUM AND MUST OBTAIN ANY CONSENT, APPROVAL, OR PERMISSION
3

REQUIRED BY IT FOR THE PURCHASE, OFFER OR SALE BY IT OF THE NOTES UNDER THE
LAWS AND REGULATIONS IN FORCE IN ANY JURISDICTION TO WHICH IT IS SUBJECT OR
IN WHICH IT MAKES SUCH PURCHASES, OFFERS OR SALES, AND THE ISSUER AND THE
MANAGERS SHALL NOT HAVE ANY RESPONSIBILITY THEREFOR.
The Notes are being offered and sold outside the United States to non-U.S. persons in reliance on
Regulation S. The Notes covered hereby have not been and will not be registered under the Securities Act, or
any applicable U.S. state securities laws and may not be offered or sold within the United States or to, or for
the account or benefit of, U.S. persons except in accordance with Regulation S or pursuant to an exemption
from the registration requirements of the Securities Act. The Notes have not been approved or disapproved by
the U.S. Securities and Exchange Commission (the "SEC"), any state securities commission in the United
States or any other U.S. regulatory authority, nor have any of the foregoing authorities passed upon or
endorsed the merits of the offering of the Notes or the accuracy or the adequacy of this Information
Memorandum. Any representation to the contrary is a criminal offence under the laws of the United States.
SERVICE OF PROCESS AND ENFORCEMENT OF CIVIL LIABILITIES
Any dispute which might arise under the Notes shall fall within the exclusive jurisdiction of the Courts
of Zurich, Switzerland. Furthermore, the Issuer is a corporation organised under the laws of Switzerland.
Most of the officers and directors named herein reside outside the United States and all or a substantial
portion of the assets of the Issuer and of such officers and directors are located outside the United States. As a
result, it may not be possible for investors to effect service of process outside Switzerland upon the Issuer or
such persons, or to enforce judgments against them obtained in courts outside Switzerland predicated upon
civil liabilities of the Issuer or such directors and officers under laws other than Swiss law, including any
judgment predicated upon United States federal securities laws.
WARNING
This Information Memorandum does not constitute an offer to sell or the solicitation of an offer to buy
any Notes in any jurisdiction to any person to whom it is unlawful to make an offer or solicitation in such
jurisdiction. The distribution of this Information Memorandum and the offer or sale of the Notes may be
restricted by law in certain jurisdictions. Neither the Issuer nor the Managers represent that this Information
Memorandum may be lawfully distributed, or that any Notes may be lawfully offered, in compliance with any
applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available
thereunder, or assume any responsibility for facilitating any such distribution or offering. In particular, no
action has been taken by the Issuer or the Managers which is intended to permit a public offering of any Notes
or distribution of this Information Memorandum in any jurisdiction where action for that purpose is required.
Accordingly, no Notes may be offered or sold, directly or indirectly, and neither this Information
Memorandum nor any advertisement or other offering material may be distributed or published in any
jurisdiction, except under circumstances that will result in compliance with any applicable laws and
regulations. Persons into whose possession this Information Memorandum or any Notes may come must
inform themselves about, and observe, any such restrictions on the distribution of this Information
Memorandum and the offering and sale of Notes. In particular, there are restrictions on the distribution of this
Information Memorandum and the offer or sale of Notes in the United States, the European Economic Area
and the United Kingdom, see "Selling Restrictions".
All references in this document to "U.S. dollars", "USD", "U.S.$" and "$" refer to United States
dollars and to "CHF" refer to Swiss francs. In addition, all references to "euro" and "EUR" refer to the
4

currency introduced at the start of the third stage of European Economic and Monetary Union pursuant to the
Treaty on the Functioning of the European Union, as amended.
5

TABLE OF CONTENTS
Page
SUMMARY ....................................................................................................................................................... 7
RISK FACTORS ...............................................................................................................................................14
FORWARD-LOOKING STATEMENTS ..........................................................................................................39
DOCUMENTS INCORPORATED BY REFERENCE .....................................................................................40
INFORMATION REGARDING THE CET1 RATIO AND SWISS CAPITAL RATIOS .................................42
TERMS AND CONDITIONS OF THE NOTES ..............................................................................................69
USE OF PROCEEDS ........................................................................................................................................97
CREDIT SUISSE GROUP AG .........................................................................................................................98
FINANCIAL INFORMATION OF CSG ........................................................................................................131
TAXATION .....................................................................................................................................................132
SELLING RESTRICTIONS ...........................................................................................................................136
GENERAL INFORMATION ..........................................................................................................................139
EARNINGS RELEASE 4Q2016 ....................................................................................................................141
6