Offering Period: November 29, 2010 — December 21, 2010
1 year High/Low Coupon Callable Yield Notes Linked to the Russell 2000^® Index and
the S&P 500^® Index

Return Profile

1 year High/Low Coupon Callable Yield Notes linked to the performance of the Russell 2000^® Index and the S&P 500^® Index.
Interest payments will be paid in arrears at the Applicable Rate per annum, calculated on a 30/360 basis, depending upon whether there was a Knock-In Event, subject to Early Redemption.
If a Knock-In Event does not occur during any Observation Period, the investor will be entitled to receive their principal amount at maturity, subject to the credit of the Issuer.
If a Knock-In Event occurs during any Observation Period, the payment at maturity will be determined by the Lowest Performing Underlying.

Terms & Knock-In Event


Issuer:	Credit Suisse AG ("Credit Suisse"), Nassau Branch.
Trade Date:	Expected to be December 22, 2010.
Settlement Date:	Expected to be December 28, 2010.
Underlyings:	The Russell 2000^® Index and the S&P 500^® Index.
Applicable Rate:	• If no Knock-In Event has occurred, expected to be [10.00 – 12.00]% per annum (to be set on the Trade Date) • If a Knock-In Event occurs during any quarterly Observation Period, for such period and each subsequent Observation Period, expected to be 4.0% per annum (to be set on the Trade Date). Interest will be calculated on a 30/360 basis.
Interest Payment Dates:	March 28, 2011, June 28, 2011, September 28, 2011 and the Maturity date, unless redeemed earlier.
Early Redemption:	The Issuer may redeem the securities on any Interest Payment Date scheduled to occur on or after June 28, 2011 upon at least 3 days notice for 100% principal amount plus accrued but unpaid interest.
Knock-In Level:	For each Underlying, the Knock-In Level will be approximately 70% of the Initial Level for such Underlying.
Knock-In Event:	A Knock-In Event occurs if the closing level of either Underlying is less than or equal to its Knock-In Level on any underlying business day during any Observation Period.
Initial Level:	For each Underlying, the closing level of such Underlying on the Trade Date.
Final Level:	For each Underlying, the closing level of such Underlying on the Valuation Date.
Redemption Amount:	Subject to Early Redemption, for each $1,000 principal amount of securities (a) if a Knock-In Event occurs, $1,000 x (1 + the Underlying Return of the Lowest Performing Underlying); (b) if a Knock-In Event does not occur, $1,000.
Lowest Performing Underlying:	The Underlying with the lowest Underlying Return.
Underlying Return:	For each Underlying, the Underlying Return will be calculated as follows: (Final Level – Initial Level)/Initial Level; subject to a maximum of zero.
Observation Periods:	Four quarterly Observation Periods, first period will be from but excluding the Trade Date, to and including the first Observation Date. Each subsequent Observation Period will be from but excluding an Observation Date to and including the next following Observation Date.
Observation Dates:	March 23, 2011; June 23, 2011; September 23, 2011; and the Valuation Date
Valuation Date:	December 22, 2011
Maturity Date:	December 28, 2011
CUSIP:	22546EK94

Benefits

Offers above-market interest payment versus ordinary fixed income investments
Reduced downside risk due to a 30.00% contingent buffer


Hypothetical Returns at Maturity
Percentage	Underlying	Redemption	Redemption
Change	Return of	Amount	Amount
from the	the Lowest	(Knock-In	(Knock-In
Initial Level	Performing	Event	Event
to the	Underlying	Does Not	Occurs)⁽¹⁾⁽²⁾
Final Level of		Occur)⁽¹⁾⁽²⁾
the Lowest
Performing
Underlying

50%	0%	$1,000	$1,000

40%	0%	$1,000	$1,000

30%	0%	$1,000	$1,000

20%	0%	$1,000	$1,000

10%	0%	$1,000	$1,000

0%	0%	$1,000	$1,000

-10%	-10%	$1,000	$900

-20%	-20%	$1,000	$800

-30%	-30%	N/A	$700

-40%	-40%	N/A	$600

-50%	-50%	N/A	$500


(1)	Does not include interest payments on the securities.
(2)	The hypothetical Redemption Amounts set forth above are for illustrative purposes only and may not be the actual returns applicable to the investor. The numbers appearing in the table have been rounded for ease of analysis.

Product Risks

Investment may result in a loss of up to 100% of principal.
The securities and the payment of any amount due on the securities are subject to the credit risk of Credit Suisse.
The securities will not pay more than the principal amount, plus accrued and unpaid interest, at maturity or upon early redemption.
If a Knock-In Event occurs during any quarterly Observation Period, the Applicable Rate for the corresponding quarterly Interest Period and each subsequent Interest Period will equal [4.00%] per annum.
The Redemption Amount will be less than the principal amount even if only one Underlying causes a Knock-In Event and the Final Level of only one Underlying is below its Initial Level.
If a Knock-In Event occurs and the Final Level is less than the Initial Level, the return will be based on the Lowest Performing Underlying.
The securities are subject to Early Redemption, which may limit an investor’s ability to accrue interest over the full term of the securities (See additional Risk Considerations below.)

Offering Period: November 29, 2010 — December 21, 2010
1 year High/Low Coupon Callable Yield Notes

Product Summary
Horizon (years)		1 year
Principal Repayment		Principal at Risk
Investment Objective		Income
Market Outlook		Neutral

Filed pursuant to Rule 433 Registration Statement No. 333-158199-10 FINANCIAL PRODUCTS FACT SHEET (U262)