a46048.htm - Generated by SEC Publisher for SEC Filing

13-month Digital Barrier Notes Linked to the S&P 500^® Index and the
Russell 2000^® Index

Return Profile

13-month Digital Barrier Notes linked to the performance of the S&P 500^® Index and the Russell 2000^® Index
If the Final Level of each Underlying is greater than or equal to its Knock-In Level, the investor will be entitled to receive an amount equal to their principal and the Fixed Payment Percentage at maturity.
If the Final Level of either Underlying is less than or equal to its Knock-In Level, the investor will receive an amount that is less than their principal amount and may lose their entire investment.
Any payment on the securities is subject to the credit risk of the Issuer

Terms & Knock-In Event

Issuer:	Credit Suisse AG (“Credit Suisse”), Nassau Branch
Trade Date:	Expected to be November 18, 2011
Settlement Date:	Expected to be November 28, 2011
Underlying:	S&P 500^® Index & Russell 2000^® Index
Fixed Payment Percentage:	Expected to be between [9.00-11.00]% (to be determined on the Trade Date).
Redemption Amount:	An amount in cash equal to the principal amount of the securities held multiplied by the sum of 1 plus the Underlying Return of the Lowest Performing Underlying.
Lowest Performing Underlying:	The Underlying with the lowest Underlying Return.
Underlying Return:	For each Underlying, If a Knock-In Event does not occur, then the Underlying Return for such Underlying will equal the Fixed Payment Percentage. If a Knock-In Event occurs, then the Underlying Return for such Underlying will equal (Final Level – Initial Level) / Initial Level.
Knock-In Level:	Expected to be approximately 70% of the Initial Level.
Knock-In Event:	A Knock-In Event occurs if the Final Level of either Underlying is less than or equal to its Knock-In Level.
Initial Level:	The closing level of the Underlying on the Trade Date.
Final Level:	The closing level of the Underlying on the Valuation Date.
Valuation Date:	December 20, 2012
Maturity Date:	December 28, 2012
CUSIP:	22546TFW6

Benefits

Offers a Fixed Payment Percentage at maturity if Final Level of each Underlying is greater than or equal to its Knock-In Level.
Reduced downside risk due to a 30% contingent buffer

Hypothetical Returns at Maturity

Percentage Change in Lowest Performing Underlying	Underlying Return of the Lowest Performing Underlying (1)	Redemption Amount per $1,000 Principal Amount of Securities (1)(2)
40%	10.0%	$1,100
30%	10.0%	$1,100
20%	10.0%	$1,100
10%	10.0%	$1,100
0%	10.0%	$1,100
-10%	10%	$1,100
-20%	10%	$1,100
-30%	-30%	$700
-40%	-40%	$600
-50%	-50%	$500
-60%	-60%	$400

(1)	Assumes a Fixed Payment Percentage of 10.00% (the midpoint of the expected range) (to be determined on Trade Date).

(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 do not pay interest.
The return on the securities is affected by the Final Level and the occurrence of a Knock-In Event.
Redemption Amount will be less than the principal amount if the Final Level of the Lowest Performing Underlying is less than its Knock- In Level. In such case, the return will be based on the percentage change in the Lowest Performing Underlying.

(See “Additional Risk Considerations” on the next page)

Offering Period: November 2, 2011 – November 17, 2011
13-month Digital Barrier Notes Linked to the S&P 500^® Index
and the Russell 2000^® Index

The risks set forth in the section entitled “Product Risks” on the preceding page and this section “Additional Risk Considerations” are only intended as summaries of some of the risks relating to an investment in the securities. Prior to investing in the securities, you should, in particular, review the “Product Risks” and “Additional Risk Considerations” sections herein, the “Selected Risk Considerations” section in the pricing supplement, and the “Risk Factors” section of the product supplement, which set forth risks related to an investment in the securities.

IRS Circular 230 Disclosure: Credit Suisse and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with Credit Suisse of any of the matters address herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. The products described herein should generally be held to maturity as early sales could result in lower than anticipated returns. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.

This material is not a product of Credit Suisse Research Departments. Financial Products may involve a high degree of risk, and may be appropriate investments only for sophisticated investors who are capable of understanding and assuming the risks involved. Credit Suisse and its affiliates may have positions (long or short), effect transactions or make markets in securities or financial instruments mentioned herein (or options with respect thereto), or provide advice or loans to, or participate in the underwriting or restructuring of the obligations, issuers of the stocks comprising the applicable index, indices or fund mentioned herein. Credit Suisse is a member of FINRA, NYSE and SIPC. Clients should contact their salespersons at, and execute transactions through, a Credit Suisse entity qualified in their home jurisdiction unless governing law permits otherwise.

This document is a summary of the terms of the securities and factors that you should consider before deciding to invest in the securities. Credit Suisse has filed a registration statement (including pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this offering summary relates. Before you invest, you should read this summary together with the Preliminary Pricing Supplement dated November 2, 2011, Underlying Supplement dated June 24, 2010, Product Supplement No. T-I dated March 25, 2009, Prospectus Supplement dated March 25, 2009 and Prospectus dated March 25, 2009 to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse, any agent or any dealer participating in this offering will arrange to send you the pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus if you so request by calling toll-free 1 (800) 221-1037.

You may access the product supplement, underlying supplement, prospectus supplement and prospectus on the SEC website at www.sec.gov or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the pricing supplement.

Horizon (years)	13-month
Principal Repayment	Principal at Risk
Investment Objective	Income
Market Outlook	Neutral