Obligation Swiss Credit 0% ( US22547T1759 ) en USD

Swiss Credit

9.156 % ▼

Suisse

US22547T1759 ( en USD )

18/09/2024 - Obligation échue

Prospectus brochure de l'obligation Credit Suisse US22547T1759 en USD 0%, échue

22547T175

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 USD, avec le code ISIN US22547T1759, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 18/09/2024

424B2 1 dp49462_424b2-u1067.htm FORM 424B2
CALCULATION OF REGISTRATION FEE

Maximum Aggregate
Amount of Registration

Title
Offering Price
Fee
Notes

$14,788,400.00

$1,904.75

PRICING SUPPLEMENT No. U1067
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-180300-03
Dated September 12, 2014
Credit Suisse AG $14,788,400 Trigger Phoenix Autocallable Optimization Securities
Linked to the least performing underlying between the Russell 2000® Index and the EURO STOXX 50® Index due on September 18, 2024
I nve st m e nt De sc ript ion
Trigger Phoenix Autocallable Optimization Securities (the "Securities") are senior, unsecured obligations of Credit Suisse AG, acting through its London Branch
("Credit Suisse" or the "Issuer") linked to the Least Performing Underlying between the Russell 2000® Index and the EURO STOXX 50® Index (each an
"Underlying" and together the "Underlyings"). Credit Suisse will pay you a quarterly Contingent Coupon payment if the closing levels of all the Underlyings on
the applicable Observation Date are equal to or greater than their respective Coupon Barriers. Otherwise, no Contingent Coupon will be payable with respect to
that Observation Date. Credit Suisse will automatically call the Securities prior to maturity if the closing level of each Underlying on any Observation Date
(quarterly, beginning after one year) is equal to or greater than its respective Initial Level. If the Securities are called, Credit Suisse will pay you the principal
amount of your Securities plus the Contingent Coupon payable on the Coupon Payment Date immediately following the applicable Observation Date (the
"Automatic Call Date"), and no further amounts will be owed to you under the Securities. If the Securities are not called prior to maturity and a Trigger Event
does not occur and the Final Level of each Underlying is equal to or greater than its respective Coupon Barrier, you will be entitled to receive a cash payment at
maturity equal to the principal amount of your Securities plus the final Contingent Coupon payable on the Maturity Date. If a Trigger Event has not occurred and
the Final Level of the Underlying with the greatest percentage decline from its Initial Level to its Final Level (the "Least Performing Underlying") is less than its
Coupon Barrier, Credit Suisse will pay you a cash payment at maturity equal to the principal amount of your Securities. If the Securities are not called prior to
maturity and a Trigger Event occurs, Credit Suisse will pay you less than the full principal amount of your Securities, if anything, resulting in a loss on your
principal that is proportionate to the depreciation of the Least Performing Underlying. In that case, you will lose more than 50% and possibly all of your
investment. A Trigger Event will be deemed to have occurred if the Final Level of the Least Performing Underlying is less than its respective Trigger Level.
I nve st ing in t he Se c urit ie s involve s signific a nt risk s. Y ou m a y lose som e or a ll of your inve st m e nt if t he Se c urit ie s a re not c a lle d
a nd a T rigge r Eve nt oc c urs. T he T rigge r Le ve l is obse rve d only on t he Fina l V a lua t ion Da t e a nd t he c ont inge nt re pa ym e nt of
princ ipa l a pplie s only if you hold t he Se c urit ie s t o m a t urit y. T he Se c urit ie s w ill not pa y a Cont inge nt Coupon for a qua rt e r if t he
c losing le ve l of a ny U nde rlying is be low it s Coupon Ba rrie r on t he a pplic a ble Obse rva t ion Da t e . Cre dit Suisse w ill a ut om a t ic a lly
c a ll t he Se c urit ie s on a ny Obse rva t ion Da t e a ft e r one ye a r only if bot h of t he U nde rlyings c lose a t or a bove t he ir re spe c t ive
I nit ia l Le ve l on suc h Obse rva t ion Da t e . Any pa ym e nt on t he Se c urit ie s, inc luding a ny re pa ym e nt of princ ipa l, is subje c t t o t he
a bilit y of Cre dit Suisse t o pa y it s obliga t ions a s t he y be c om e due . I f Cre dit Suisse w e re t o de fa ult on it s obliga t ions, you m a y
not re c e ive a ny a m ount s ow e d t o you unde r t he Se c urit ie s.
Fe a t ure s

K e y Da t e s

Contingent Coupon -- Subject to Automatic Call, you will be entitled
Trade Date
September 12, 2014
to receive a quarterly Contingent Coupon payment if the closing level of

Settlement Date
September 17, 2014
each Underlying on the applicable Observation Date is equal to or
greater than its respective Coupon Barrier. Otherwise, no coupon will be
Observation Dates*
Quarterly (callable after 1 year)
paid for that quarter.
(see page 4)
Automatically Callable -- Credit Suisse will automatically call the

Final Valuation Date*
September 12, 2024
Securities and you will be entitled to receive the principal amount of your
Maturity Date*
September 18, 2024
Securities plus the Contingent Coupon payable for that quarter on the
Coupon Payment Date immediately following the applicable Observation
* The determination of the closing level for each Underlying on each
Date if the closing level of each Underlying on any Observation Date
Observation Date, other than the Final Valuation Date, is subject to
(quarterly, beginning after one year) is equal to or greater than its
postponement if such date is not a trading day for such Underlying or
respective Initial Level. If the Securities are not called, investors may be
as a result of a market disruption event in respect of such Underlying,
exposed to the depreciation of the Least Performing Underlying at
as described herein under "Market Disruption Events." The Final
maturity.
Valuation Date is subject to postponement in respect of each
Contingent Repayment of Principal Amount at Maturity -- If
Underlying if such date is not an underlying business day for such
the Securities have not been called and a Trigger Event has not
Underlying or as a result of a market disruption event in respect of
occurred, Credit Suisse will pay you the full principal amount at maturity.
such Underlying, as described in the accompanying product
If a Trigger Event occurs, Credit Suisse will pay you less than your
supplement under "Description of the Securities--Market disruption
principal amount, if anything, resulting in a loss of your principal that will
events." The Coupon Payment Dates (including the Maturity Date)
be proportionate to the full depreciation of the Least Performing
are subject to postponement, each as described herein, if such date
Underlying. The Trigger Level is observed on the Final Valuation Date
is not a business day or if (a) the determination of the closing level
and the contingent repayment of your principal applies only at maturity.
for any Underlying on the corresponding Observation Date (other
Any payment on the Securities, including any repayment of principal, is
than the Final Valuation Date) is postponed or (b) the Final Valuation
subject to the ability of Credit Suisse to pay its obligations as they
Date is postponed, in each case because such date is not a trading
become due.
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
N OT I CE T O I N V EST ORS: T H E SECU RI T I ES ARE SI GN I FI CAN T LY RI SK I ER T H AN CON V EN T I ON AL DEBT I N ST RU M EN T S. T H E
I SSU ER I S N OT N ECESSARI LY OBLI GAT ED T O PAY T H E FU LL PRI N CI PAL AM OU N T OF T H E SECU RI T I ES AT M AT U RI T Y , AN D
T H E SECU RI T I ES CAN EX POSE Y OU R I N V EST M EN T T O T H E FU LL DEPRECI AT I ON OF T H E LEAST PERFORM I N G U N DERLY I N G.
T H I S M ARK ET RI SK I S I N ADDI T I ON T O T H E CREDI T RI SK I N H EREN T I N PU RCH ASI N G A DEBT OBLI GAT I ON OF CREDI T SU I SSE.
Y OU SH OU LD N OT PU RCH ASE T H E SECU RI T I ES I F Y OU DO N OT U N DERST AN D OR ARE N OT COM FORT ABLE WI T H T H E
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SI GN I FI CAN T RI SK S I N V OLV ED I N I N V EST I N G I N T H E SECU RI T I ES. Y OU SH OU LD CAREFU LLY CON SI DER T H E RI SK S
DESCRI BED U N DER "K EY RI SK S" BEGI N N I N G ON PAGE 8 AN D U N DER "RI SK FACT ORS" BEGI N N I N G ON PAGE PS-3 OF T H E
ACCOM PAN Y I N G PRODU CT SU PPLEM EN T BEFORE PU RCH ASI N G AN Y SECU RI T I ES. EV EN T S RELAT I N G T O AN Y OF T H OSE
RI SK S, OR OT H ER RI SK S AN D U N CERT AI N T I ES, COU LD ADV ERSELY AFFECT T H E M ARK ET V ALU E OF, AN D T H E RET U RN ON ,
Y OU R SECU RI T I ES. Y OU M AY LOSE SOM E OR ALL OF Y OU R I N I T I AL I N V EST M EN T I N T H E SECU RI T I ES. T H E SECU RI T I ES WI LL
N OT BE LI ST ED ON AN Y EX CH AN GE.
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.
Se c urit y Offe ring
These final terms relate to Securities linked to the Least Performing Underlying between the Russell 2000® Index and the EURO STOXX 50® Index. The
Securities are offered at a minimum investment of 100 Securities at $10.00 per Security (representing a $1,000 investment), and integral multiples of $10.00 in
excess thereof.
Cont inge nt
Coupon
U nde rlyings
T ic k e rs
Coupon Ra t e
I nit ia l Le ve ls
T rigge r Le ve ls
Ba rrie rs
CU SI P
I SI N
Russell 2000® Index
RTY
1160.607
580.30 (50% of the 812.42 (70% of the
Initial Level)
Initial Level)
7.98% per annum
22547T175 US22547T1759
EURO STOXX 50® Index
SX5E
3235.07
1617.54 (50% of
2264.55 (70% of
the Initial Level)
the Initial Level)
Cre dit Suisse c urre nt ly e st im a t e s t he va lue of e a c h $ 1 0 .0 0 princ ipa l a m ount of t he Se c urit ie s on t he T ra de Da t e is $ 9 .4 8 (a s
de t e rm ine d by re fe re nc e t o our pric ing m ode ls a nd t he ra t e w e a re c urre nt ly pa ying t o borrow funds t hrough issua nc e of t he
Se c urit ie s (our "int e rna l funding ra t e ")). Se e "K e y Risk s" in t his pric ing supple m e nt .

Se e "Addit iona l I nform a t ion a bout Cre dit Suisse a nd t he Se c urit ie s" on pa ge 2 . T he Se c urit ie s w ill ha ve t he t e rm s se t fort h in t he
a c c om pa nying produc t supple m e nt , prospe c t us supple m e nt a nd prospe c t us a nd t his pric ing supple m e nt .

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.

Offe ring of Se c urit ie s
Pric e t o Public
U nde rw rit ing Disc ount
Proc e e ds t o Cre dit
a nd Com m issions (2)
Suisse AG

T ot a l
Pe r
T ot a l
Pe r
T ot a l
Pe r
Se c urit y
Se c urit y
Se c urit y
Securities linked to the least performing index between the Russell
$14,788,400.00
$10.00
$517,594.00
$0.35
$14,270,806.00
$9.65
2000® Index and the EURO STOXX 50® Index
(1) UBS Financial Services Inc., which we refer to as UBS, will act as distributor for the Securities. The distributor will receive a fee from Credit Suisse or one of
our affiliates of $0.35 per $10.00 principal amount of Securities. For more detailed information, please see "Supplemental Plan of Distribution" on the last page of
this pricing supplement.

U BS Fina nc ia l Se rvic e s I nc .

Addit iona l I nform a t ion a bout Cre dit Suisse a nd t he Se c urit ie s

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 follows (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.

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The Securities are senior, unsecured obligations of Credit Suisse and will rank pari passu with all of our other senior unsecured
obligations.

In the event the terms of the Securities described in this pricing supplement differs from, or is inconsistent with, the terms described in
the underlying supplement, product supplement or prospectus supplement, the terms described in this pricing supplement will control.

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 well 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 carefully consider, among other things, the matters set forth in "Risk Factors" in the product supplement and "Key Risks" 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.

2

I nve st or Suit a bilit y

T he Se c urit ie s m a y be suit a ble for you if:
T he Se c urit ie s m a y not be suit a ble for you if:
¨You fully understand the risks inherent in an investment in the
¨You do not fully understand the risks inherent in an
Securities, including the risk of loss of your entire initial
investment in the Securities, including the risk of loss of your
investment.
entire initial investment.

¨You can tolerate a loss of all or a substantial portion of your
¨You seek an investment designed to provide a full return of
investment and are willing to make an investment that may
principal at maturity.
be exposed to the depreciation of the Least Performing

Underlying.
¨You cannot tolerate a loss of all or a substantial portion of

your investment, and you are not willing to make an
¨You understand that your return will be based on the
investment that may be exposed to the depreciation of the
Underlying Return of the Least Performing Underlying, you
Least Performing Underlying.
will not benefit from the performance of any other Underlying,

and you will be fully exposed to the risk of fluctuations in the
¨You are unwilling to accept that your return will be based on
level of each Underlying.
the Least Performing Underlying, you will not benefit from the

performance of any other Underlying and you will be fully
¨You are willing to invest in the Securities based on the
exposed to the risk of fluctuations in the level of each
Contingent Coupon Rate specified on the cover hereof
Underlying.
(7.98% per annum).

¨You believe that any one of the Underlyings will close below
¨You believe the closing level of each Underlying will be equal
its Coupon Barrier on the Observation Dates or you believe a
to or greater than its respective Coupon Barrier on each of
Trigger Event will occur, meaning the closing level of any
the Observation Dates, and you believe a Trigger Event will
one of the Underlyings will be below its Trigger Level on the
not occur, meaning each Underlying will close at or above its
Final Valuation Date.
respective Trigger Level on the Final Valuation Date.

¨You seek an investment that participates in the full
¨You understand and accept that you will not participate in any
appreciation in the level of the Underlyings, and whose return
appreciation in the levels of the Underlyings, which may be
is not limited to the Contingent Coupon payments, if any.
significant, and that your potential return is limited to the

Contingent Coupon payments, if any.
¨You are unwilling to invest in the Securities based on the

Contingent Coupon Rate specified on the cover hereof
¨You are willing to forgo any dividends paid on the equity
(7.98% per annum).
securities included in the Underlyings.

¨You seek guaranteed current income from your investment.
¨You do not seek guaranteed current income from your

investment.
¨You prefer to receive the dividends paid on the equity

securities included in the Underlyings.
¨You are willing to invest in securities that are subject to

potential Automatic Call after one year, and you are
¨You are unable or unwilling to hold securities that are subject
otherwise willing to hold such securities to maturity and
to potential Automatic Call after one year or are otherwise
accept that there may be little or no secondary market for the
unable or unwilling to hold such securities to maturity or you
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Securities.
seek an investment for which there will be an active

secondary market for the Securities.
¨You seek an investment with exposure to companies in the

Eurozone and small market capitalization companies in the
¨You do not seek an investment with exposure to companies
United States.
in the Eurozone and small market capitalization companies in

the United States.
¨You are willing to assume the credit risk of Credit Suisse for

all payments under the Securities, and understand that the
¨You are unwilling to assume the credit risk of Credit Suisse
payment of any amount due on the Securities is subject to
for all payments under the Securities.
the credit risk of Credit Suisse.

T he suit a bilit y c onside ra t ions ide nt ifie d a bove a re not e x ha ust ive . Whe t he r or not t he Se c urit ie s a re a suit a ble
inve st m e nt for you w ill de pe nd on your individua l c irc um st a nc e s a nd you should re a c h a n inve st m e nt de c ision
only a ft e r you a nd your inve st m e nt , le ga l, t a x , a c c ount ing a nd ot he r a dvisors ha ve c a re fully c onside re d t he
suit a bilit y of a n inve st m e nt in t he Se c urit ie s in light of your pa rt ic ula r c irc um st a nc e s. Y ou should a lso re vie w
c a re fully t he "K e y Risk s" be ginning on pa ge 8 of t his pric ing supple m e nt for risk s re la t e d t o a n inve st m e nt in
t he Se c urit ie s.

3

Fina l T e rm s
Issuer
Credit Suisse AG ("Credit Suisse"), acting through its London Branch.
Principal
$10.00 per Security
Amount
Term(1)
Approximately 10 years, unless called earlier. In the event that we make any change to the expected Settlement
Date, the calculation agent may adjust (i) the Observation Dates to ensure that the term between each
Observation Date remains the same and/or (ii) Final Valuation Date and Maturity Date to ensure that the stated
term of the Securities remains the same.
Underlyings
The Russell 2000® Index and the EURO STOXX 50® Index.
Contingent
I f t he c losing le ve l of e a c h U nde rlying is e qua l t o or gre a t e r t ha n it s re spe c t ive Coupon
Coupon
Ba rrie r on a ny Obse rva t ion Da t e , Credit Suisse will pay you the Contingent Coupon applicable to such
Observation Date.

I f t he c losing le ve l of a ny U nde rlying is le ss t ha n it s re spe c t ive Coupon Ba rrie r on a ny
Obse rva t ion Da t e , the Contingent Coupon applicable to such Observation Date will not accrue or be payable
and you will not be entitled to receive any payment on the relevant Coupon Payment Date.

Contingent Coupons will be calculated on a 30/360 basis from and including the Settlement Date to and excluding
the earlier of the Automatic Call Date and the Maturity Date, as applicable. The table below sets forth the
Contingent Coupon amount (based on the Contingent Coupon Rate of 7.98% per annum) that would be applicable
to each Observation Date on which the closing level of each Underlying is greater than or equal to its respective
Coupon Barrier.

Cont inge nt Coupon (pe r Se c urit y)
Russe ll 2 0 0 0 ® I nde x a nd EU RO ST OX X 5 0 ® I nde x

$0.1995

Cont inge nt Coupon pa ym e nt s on t he Se c urit ie s a re not gua ra nt e e d. Cre dit Suisse w ill not
pa y you t he Cont inge nt Coupon for a ny Obse rva t ion Da t e on w hic h t he c losing le ve l of a ny
U nde rlying is le ss t ha n it s Coupon Ba rrie r.
Trigger Event
A Trigger Event will occur if the Final Level of any Underlying is less than its Trigger Level.

In this case, you will be fully exposed to any depreciation in the level of the Least Performing Underlying from the
Trade Date to the Final Valuation Date.
Contingent
The Contingent Coupon rate is 7.98% per annum for Securities linked to the Least Performing Underlying
Coupon
between the Russell 2000® Index and the EURO STOXX 50® Index.
Rate
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Automatic Call
The Securities will be automatically called if the closing level of each Underlying on any Observation Date
Feature
(quarterly, beginning September 15, 2015) is equal to or greater than its respective Initial Level.

If the Securities are called on any Observation Date (quarterly, beginning September 15, 2015), on the Coupon
Payment Date immediately following the relevant Observation Date (the "Automatic Call Date"), you will be
entitled to receive a cash payment per Security equal to your principal amount plus the Contingent Coupon
payable on that Coupon Payment Date. No further amounts will be owed to you under the Securities.

The Securities will not be subject to an Automatic Call on an Observation Date (quarterly, beginning September
15, 2015) if the closing level of any Underlying on such Observation Date is below its Initial Level.
Payment
I f t he Se c urit ie s a re not c a lle d, a T rigge r Eve nt doe s not oc c ur, a nd t he Fina l Le ve l of e a c h
at
U nde rlying is e qua l t o or gre a t e r t ha n it s re spe c t ive Coupon Ba rrie r, on the Maturity Date Credit
Maturity (per
Suisse will pay you a cash payment per Security equal to $10.00 plus the contingent coupon payable.
Security)

I f t he Se c urit ie s a re not c a lle d, a T rigge r Eve nt doe s not oc c ur a nd t he Fina l Le ve l of a ny
U nde rlying is le ss t ha n it s Coupon Ba rrie r, on the Maturity Date Credit Suisse will pay you a cash
payment per Security equal to $10.00.

I f t he Se c urit ie s a re not c a lle d a nd a T rigge r Eve nt oc c urs, on the Maturity Date, Credit Suisse will
pay you less than the principal amount, if anything, resulting in a loss on your initial investment that is
proportionate to the depreciation in the Underlying Return of the Least Performing Underlying, for an amount
equal to:

$10.00 + ($10.00 x Underlying Return of the Least Performing Underlying)

You will lose some or all of your principal amount if the Securities are not called and a Trigger Event occurs.
(1) Subject to the market disruption event provisions set forth in the accompanying product supplement under "Description of the
Securities--Market disruption events" and herein under "Market Disruption Events."

4

Fina l T e rm s
Least Performing
The Underlying with the lowest Underlying Return.
Underlying
Underlying Return
For each Underlying, calculated as follows:
Final Level Initial Level
Initial Level
Trigger Level
A percentage of the Initial Level of each Underlying, as specified on the first page of this pricing supplement.
Coupon Barrier
A percentage of the Initial Level of each Underlying, as specified on the first page of this pricing supplement.
Initial Level
The closing level of each Underlying on the Trade Date, as specified on the first page of this pricing supplement.
Final Level
The closing level of each Underlying on the Final Valuation Date, as determined by the calculation agent.
Observation Dates The first Observation Date will occur on December 15, 2014; Observation Dates will occur quarterly thereafter as
listed in the "Observation Dates/Coupon Payment Dates" section below. The final Observation Date, September
12, 2024, will be the "Final Valuation Date."
Coupon Payment
Three business days following each Observation Date, except that the Coupon Payment Date for the Final
Dates
Valuation Date is the Maturity Date.

Supple m e nt a l T e rm s of t he Se c urit ie s

For purposes of the Securities offered by this pricing supplement, all references to each of the following defined terms used in the
accompanying product supplement will be deemed to refer to the corresponding defined term used in this pricing supplement, as set
forth in the table below:

Produc t Supple m e nt De fine d T e rm
Pric ing Supple m e nt De fine d T e rm
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Knock-In Level
Trigger Level
Knock-In Event
Trigger Event
Lowest Performing Underlying
Least Performing Underlying
Valuation Date
Final Valuation Date

5

I nve st m e nt T im e line
The Contingent Coupon Rate is set, the Initial
Level of each Underlying is observed, and
T ra de Da t e
the Trigger Level and Coupon Barrier for
each Underlying are determined.

If the closing level of each Underlying is
equal to or greater than its respective
Coupon Barrier on any Observation Date,
Credit Suisse will pay you a Contingent
Coupon on the applicable Coupon Payment
Date.

Qua rt e rly
The Securities will be called if the closing
(c a lla ble a ft e r 1 level of each Underlying on any Observation
ye a r)
Date on or after September 15, 2015 is equal
to or greater than its respective Initial Level.
If the Securities are called, Credit Suisse will
pay you a cash payment per Security equal to
$10.00 plus the Contingent Coupon payable
on the Automatic Call Date.

The Final Level of each Underlying is
observed on the Final Valuation Date.

If the Securities are not called, a Trigger
Event has not occurred and the Final Level
of each Underlying is equal to or greater than
its respective Coupon Barrier, on the Maturity
Date Credit Suisse will pay you a cash
payment per Security equal to $10.00 plus
the Contingent Coupon payable.

If the Securities have not been called, a
Trigger Event has not occurred and the Final
Level of any Underlying is less than its
M a t urit y da t e
Coupon Barrier, on the Maturity Date, Credit
Suisse will pay you a cash payment per
Security equal to $10.00.

If the Securities have not been called and a
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Trigger Event has occurred, Credit Suisse
will pay you less than the principal amount, if
anything, resulting in a loss on your initial
investment proportionate to the depreciation
of the Least Performing Underlying, for an
amount equal to:

$ 1 0 .0 0 + ($ 1 0 .0 0 x U nde rlying Re t urn
of t he Le a st Pe rform ing U nde rlying)
pe r Se c urit y

6

I N V EST I N G I N T H E SECU RI T I ES I N V OLV ES SI GN I FI CAN T RI SK S. Y OU M AY LOSE SOM E OR ALL OF Y OU R
PRI N CI PAL AM OU N T . AN Y
PAY M EN T ON T H E SECU RI T I ES, I N CLU DI N G AN Y REPAY M EN T OF PRI N CI PAL, I S
SU BJ ECT T O CREDI T SU I SSE'S ABI LI T Y T O PAY I T S OBLI GAT I ON S AS T H EY BECOM E DU E.

T he Se c urit ie s w ill not pa y a Cont inge nt Coupon if t he c losing le ve l of a ny U nde rlying is be low it s Coupon
Ba rrie r on t he a pplic a ble Obse rva t ion Da t e . T he Se c urit ie s w ill not be subje c t t o a n Aut om a t ic Ca ll on a n
Obse rva t ion Da t e (qua rt e rly, be ginning Se pt e m be r 1 5 , 2 0 1 5 ) if t he c losing le ve l of a ny U nde rlying on suc h
Obse rva t ion Da t e is be low it s I nit ia l Le ve l. I f t he Se c urit ie s a re not c a lle d, you w ill lose som e or a ll of your
inve st m e nt a t m a t urit y if a T rigge r Eve nt oc c urs.

Obse rva t ion Da t e s (1) a nd Coupon Pa ym e nt Da t e s (2)(3)
Obse rva t ion
Coupon Pa ym e nt
Obse rva t ion
Coupon Pa ym e nt
Obse rva t ion
Coupon Pa ym e nt
Da t e s
Da t e s
Da t e s
Da t e s
Da t e s
Da t e s
December 15, 2014* December 17, 2014*
June 14, 2018
June 18, 2018
December 15, 2021
December 17, 2021
March 13, 2015*
March 17, 2015*
September 13, 2018 September 17, 2018
March 15, 2022
March 17, 2022
June 15, 2015*
June 17, 2015*
December 13, 2018
December 17, 2018
June 15, 2022
June 17, 2022
September 15, 2015 September 17, 2015
March 14, 2019
March 18, 2019
September 15, 2022
September 19, 2022
December 15, 2015
December 17, 2015
June 13, 2019
June 17, 2019
December 15, 2022
December 19, 2022
March 15, 2016
March 17, 2016
September 13, 2019 September 17, 2019
March 15, 2023
March 17, 2023
June 15, 2016
June 17, 2016
December 13, 2019
December 17, 2019
June 15, 2023
June 19, 2023
September 15, 2016 September 19, 2016
March 13, 2020
March 17, 2020
September 14, 2023
September 18, 2023
December 15, 2016
December 19, 2016
June 15, 2020
June 17, 2020
December 14, 2023
December 18, 2023
March 15, 2017
March 17, 2017
September 15, 2020 September 17, 2020
March 14, 2024
March 18, 2024
June 15, 2017
June 19, 2017
December 15, 2020
December 17, 2020
June 13, 2024
June 17, 2024
September 14, 2017 September 18, 2017
March 15, 2021
March 17, 2021
September 12, 2024
September 18, 2024
December 14, 2017
December 18, 2017
June 15, 2021
June 17, 2021

March 15, 2018
March 19, 2018
September 15, 2021 September 17, 2021

*
The Securities are not callable until the fourth Observation Date, which is September 15, 2015.

(1)
The determination of the closing level for each Underlying on each Observation Date, other than the Final Valuation Date, is
subject to postponement, as described herein under "Market Disruption Events."

(2)
Each subject to the modified following business day convention and subject to postponement as described herein under "Market
Disruption Events."

(3)
Contingent Coupons will be payable to the holders of record at the close of business on the business day immediately preceding
the applicable Coupon Payment Date, provided that the Contingent Coupon payable upon Automatic Call or at maturity, as
applicable, will be payable to the person to whom the principal amount upon Automatic Call or the Payment at Maturity, is payable.

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7

K e y Risk s

An investment in the offering of the Securities involves significant risks. Investing in the Securities is not equivalent to investing in the
Underlyings. Some of the risks that apply to the Securities are summarized below, but we urge you to read the more detailed
explanation of risks relating to the Securities in the "Risk Factors" section of the accompanying product supplement. We also urge you
to consult your investment, legal, tax, accounting and other advisors before you invest in the Securities.

¨
Y ou m a y re c e ive le ss t ha n t he princ ipa l a m ount a t m a t urit y -- You may receive less at maturity than you originally
invested in the Securities. If the Final Level of any Underlying is less than its Trigger Level, you will be fully exposed to any
depreciation in the Least Performing Underlying and will incur a loss proportionate to the Underlying Return of the Least
Performing Underlying. In this case, at maturity, the amount Credit Suisse will pay you will be less than the principal amount of the
Securities and you could lose your entire investment. It is not possible to predict whether a Trigger Event will occur, and in the
event that there is a Trigger Event, by how much the Final Level of the Least Performing Underlying will 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.

¨
T he Se c urit ie s a re subje c t t o t he c re dit risk of Cre dit Suisse -- Although the return on the Securities will 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 Call 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.

¨
T he Se c urit ie s w ill not pa y m ore t ha n t he princ ipa l a m ount , plus a ny Cont inge nt Coupons pa ya ble
by m a t urit y or upon Aut om a t ic Ca ll -- The return potential on the Securities is limited to the Contingent Coupon Rate
regardless of the potential appreciation of the Underlyings. Therefore, the Securities do not provide for a return greater than the
principal amount, plus any Contingent Coupons received up to maturity or upon Automatic Call. Even if the Final Level of each
Underlying is greater than its respective Initial Level, you will not participate in the appreciation of any Underlying despite the
potential for full downside exposure to the Least Performing Underlying at maturity. The actual return on the Securities will depend
on the number of Observation Dates on which the requirements for the Contingent Coupon are met and the amount payable per
Security may be less than the amount payable on a traditional debt security that pays interest at prevailing market rates or an
investment that allows for participation in any appreciation of the Underlyings.

¨
T he Se c urit ie s a re subje c t t o a pot e nt ia l Aut om a t ic Ca ll prior t o m a t urit y, w hic h w ould lim it your
opport unit y t o a c c rue Cont inge nt Coupons ove r t he full t e rm of t he Se c urit ie s --If the closing level of each
Underlying on any Observation Date after one year is equal to or greater than its Initial Level, the Securities will be called and you
will be entitled to receive a cash payment equal to the principal amount of the Securities you hold plus the Contingent Coupon
payable on that Coupon Payment Date, and no further payments will be made in respect of the Securities. If the Securities are
called prior to maturity, you will lose the opportunity to continue to accrue and be paid Contingent Coupons from the date of
Automatic Call to the scheduled Maturity Date and you may be unable to invest in other Securities with a similar level of risk that
yield as much as the Securities.

¨
Y ou m a y not re c e ive a ny Cont inge nt Coupons -- Credit Suisse will not necessarily make periodic coupon payments on
the Securities. If the closing level of any one of the Underlyings on an Observation Date is less than its respective Coupon Barrier,
Credit Suisse will not pay you the Contingent Coupon applicable to such Observation Date. If the closing level of any one of the
Underlyings is less than its respective Coupon Barrier on each of the Observation Dates, Credit Suisse will not pay you any
Contingent Coupons during the term of, and you will not receive a positive return on, your Securities.

¨
H ighe r c ont inge nt c oupon ra t e s a re ge ne ra lly a ssoc ia t e d w it h a gre a t e r risk of loss -- Greater expected volatility
with respect to the Underlyings reflects a higher expectation as of the Trade Date that the level of any Underlying could close
below its respective Trigger Level on the Final Valuation Date of the Securities. This greater expected risk will generally be
reflected in a higher Contingent Coupon Rate for that Security. However, while the Contingent Coupon Rate will be a fixed amount,
the volatilities of the Underlyings can change significantly over

8
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the term of the Securities. The levels of the Underlyings for your Securities could fall sharply, which could result in a significant
loss of principal.

¨
T he Pa ym e nt a t M a t urit y w ill be le ss t ha n t he princ ipa l a m ount of t he Se c urit ie s e ve n if a T rigge r Eve nt
oc c urs w it h re spe c t t o only one U nde rlying Even if the Final Level of only one Underlying is less than its Trigger Level,
a Trigger Event will have occurred. In this case, the Payment at Maturity will be less than the principal amount of the Securities.

¨
Y our re t urn w ill be ba se d on t he individua l re t urn of e a c h U nde rlying --If the closing level of any Underlying is less
than its respective Coupon Barrier on any Observation Date, even with respect to only one Underlying, you will not receive any
Contingent Coupon payment for the corresponding quarter. Additionally, because the Payment at Maturity will be based on the
Underlying Return of the Least Performing Underlying, you will not benefit from the performance of any other Underlying. If a
Trigger Event occurs, even with respect to only one Underlying, the Underlying Return of the Least Performing Underlying will be
negative and you will receive less than the principal amount of your securities at maturity.

¨
Sinc e t he Se c urit ie s a re link e d t o t he pe rform a nc e of m ore t ha n one U nde rlying, you w ill be fully e x pose d
t o t he risk of fluc t ua t ions in t he le ve l of e a c h U nde rlying -- Since the Securities are linked to the performance of
more than one Underlying, the Securities will be linked to the individual performance of each Underlying. Because the Securities
are not linked to a basket, in which case the risk is mitigated and diversified among all of the components of a basket, you will be
exposed to the risk of fluctuations in the levels of the Underlyings to the same degree for each Underlying. For example, in the
case of Securities linked to a basket, the return would depend on the weighted aggregate performance of the basket components
as reflected by the basket return. Thus, the depreciation of any basket component could be mitigated by the appreciation of
another basket component, to the extent of the weightings of such components in the basket. However, in the case of Securities
linked to the least performing Underlying, the individual performance of each Underlying is not combined to calculate your return
and the depreciation of any Underlying is not mitigated by the appreciation of any other Underlying. Instead, if a Trigger Event
occurs, the Payment at Maturity will be based on the least performing of the Underlyings to which the Securities are linked.
Likewise, if on any Observation Date, the closing level of any Underlying is less than its Coupon Barrier, no Contingent Coupon
will be paid for the corresponding quarter. Because the Securities are linked to the individual performance of more than one
Underlying, it is more likely that one of the Underlyings will close below its Coupon Barrier on an Observation Date, and below its
Trigger Level on the Final Valuation Date, thereby making it more likely that you will not receive a Contingent Coupon and will lose
some or all of your investment at maturity.

¨
T he Se c urit ie s a re link e d t o t he Russe ll 2 0 0 0 ® I nde x a nd a re subje c t t o t he risk s a ssoc ia t e d w it h sm a ll -
c a pit a liza t ion c om pa nie s -- The Russell 2000® Index is composed of equity securities issued by companies with relatively
small market capitalization. These equity securities often have greater stock price volatility, lower trading volume and less liquidity
than the equity securities of large-capitalization companies, and are more vulnerable to adverse business and economic
developments than those of large-capitalization companies. In addition, small-capitalization companies are typically less
established and less stable financially than large-capitalization companies. These companies may depend on a small number of
key personnel, making them more vulnerable to loss of personnel. Such companies tend to have smaller revenues, less diverse
product lines, smaller shares of their product or service markets, fewer financial resources and less competitive strengths than
large-capitalization companies and are more susceptible to adverse developments related to their products. Therefore, the Russell
2000® Index may be more volatile than it would be if it were composed of equity securities issued by large-capitalization
companies.

¨
T he c losing le ve l of t he EU RO ST OX X 5 0 ® I nde x w ill not be a djust e d for c ha nge s in e x c ha nge ra t e s re la t ive
t o t he U .S. dolla r e ve n t hough t he inde x c onst it ue nt st oc k s a re t ra de d in a fore ign c urre nc y a nd t he
Se c urit ie s a re de nom ina t e d in U .S. dolla rs -- The value of your Securities will not be adjusted for exchange rate
fluctuations between the U.S. dollar and the currencies in which the index constituent stocks of the EURO STOXX 50® Index are
based. Therefore, if the applicable currencies appreciate or depreciate relative to the U.S. dollar over the term of the Securities,
you will not receive any additional payment or incur any reduction in your return, if any, at maturity.

¨
Risk s a ssoc ia t e d w it h inve st m e nt s in se c urit ie s link e d t o t he pe rform a nc e of fore ign e quit y se c urit ie s --
The equity securities included in one of the Underlyings are issued by foreign companies and trade in foreign

9

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securities markets. Investments in securities linked to the value of foreign equity securities involve risks associated with the
securities markets in those countries, including the risk of volatility in those markets, governmental intervention in those markets
and cross-shareholdings in companies in certain countries. Foreign companies are subject to accounting, auditing and financial
reporting standards and requirements different from those applicable to U.S. reporting companies.

¨
T he e st im a t e d va lue of t he Se c urit ie s on t he T ra de Da t e m a y be le ss t ha n t he Pric e t o Public -- The initial
estimated value of your Securities on the Trade Date (as determined by reference to our pricing models and our internal funding
rate) may be significantly less than the original Price to Public. The Price to Public of the Securities includes the agent's discounts
or commissions as well as transaction costs such as expenses incurred to create, document and market the Securities and the
cost of hedging our risks as issuer of the Securities through one or more of our affiliates (which includes a projected profit). These
costs will be effectively borne by you as an investor in the Securities. These amounts will be retained by Credit Suisse or our
affiliates in connection with our structuring and offering of the Securities (except to the extent discounts or commissions are
reallowed to other broker-dealers or any costs are paid to third parties).

On the Trade Date, we value the components of the Securities in accordance with our pricing models. These include a fixed
income component valued using our internal funding rate, and individual option components valued using mid-market pricing. Our
option valuation models are proprietary. They take into account factors such as interest rates, volatility and time to maturity of the
Securities, and they rely in part on certain assumptions about future events, which may prove to be incorrect.

Because Credit Suisse's pricing models may differ from other issuers' valuation models, and because funding rates taken into
account by other issuers may vary materially from the rates used by Credit Suisse (even among issuers with similar
creditworthiness), our estimated value at any time may not be comparable to estimated values of similar securities of other issuers.

¨
Effe c t of int e re st ra t e use d in st ruc t uring t he Se c urit ie s -- The internal funding rate we use in structuring notes such
as these Securities is typically lower than the interest rate that is reflected in the yield on our conventional debt securities of similar
maturity in the secondary market (our "secondary market credit spreads"). If on the Trade Date our internal funding rate is lower
than our secondary market credit spreads, 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. We will also use
our internal funding rate to determine the price of the Securities if we post a bid to repurchase your Securities in secondary market
transactions. See "--Secondary Market Prices" below.

¨
Se c onda ry m a rk e t pric e s -- If Credit Suisse (or an affiliate) bids for your Securities in secondary market transactions, which
we are not obligated to do, the secondary market price (and the value used for account statements or otherwise) may be higher or
lower than the Price to Public and the estimated value of the Securities on the Trade Date. The estimated value of the Securities
on the cover of this pricing supplement does not represent a minimum price at which we would be willing to buy the Securities in
the secondary market (if any exists) at any time. The secondary market price of your Securities at any time cannot be predicted
and will reflect the then-current estimated value determined by reference to our pricing models and other factors. These other
factors include our internal funding rate, customary bid and ask spreads and other transaction costs, changes in market conditions
and any deterioration or improvement in our creditworthiness. In circumstances where our internal funding rate is lower than our
secondary market credit spreads, our secondary market bid for your Securities could be more favorable than what other dealers
might bid because, assuming all else equal, we use the lower internal funding rate to price the Securities and other dealers might
use the higher secondary market credit spread to price them. Furthermore, assuming no change in market conditions from the
Trade Date, the secondary market price of your Securities will be lower than the Price to Public because it will not include the
agent's discounts or commissions and hedging and other transaction costs. If you sell your Securities to a dealer in a secondary
market transaction, the dealer may impose an additional discount or commission, and as a result the price you receive on your
Securities may be lower than the price at which we may repurchase the Securities from such dealer.

We (or an affiliate) may initially post a bid to repurchase the Securities from you at a price that will exceed the then-current
estimated value of the Securities. That higher price reflects our projected profit and costs that were included in the Price to Public,
and that higher price may also be initially used for account statements or

10

otherwise. We (or our affiliate) may offer to pay this higher price, for your benefit, but the amount of any excess over the then-
current estimated value will be temporary and is expected to decline over a period of approximately 12 months.

The Securities are not designed to be short-term trading instruments and any sale prior to maturity could result in a substantial
loss to you. You should be willing and able to hold your Securities to maturity.
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Document Outline

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