Linked to the Performance of the Lowest Performing of the EURO STOXX 50^® Index and the iShares^® MSCI Emerging Markets ETF

Product Terms

If the Final Level of the Lowest Performing Underlying is greater than its Knock-in Level, you will receive a Redemption Amount that will equal, for each $1,000 principal amount of securities, $1,000 multiplied by the sum of one plus the Fixed Payment Percentage.

If the Final Level of the Lowest Performing Underlying is less than its Knock-In Level, you will be fully exposed to any depreciation in the Lowest Performing Underlying.

Any payment on the securities is subject to our ability to pay our obligations as they become due.

Issuer*:	Credit Suisse AG (“Credit Suisse”), acting through its London branch
Trade Date:	Expected to be September 21, 2018
Settlement Date:	Expected to be September 28, 2018
Underlyings:	The EURO STOXX 50^® Index and the iShares^® MSCI Emerging Markets ETF
Fixed Payment Percentage**:	Expected to be between 11.25% and 12.25%
Redemption Amount:	At maturity, for each $1,000 principal amount of securities, $1,000 x (1 + Underlying Return of the Lowest Performing Underlying).
Underlying Return:	For each Underlying, if (a) its Final Level is greater than its Knock-In Level, then the Fixed Payment Percentage; or (b) its Final Level is or less than its Knock-In Level, then: [(Final Level – Initial Level)/Initial Level]
Knock-In Level**:	For each Underlying, approximately 75% of its Initial Level.
Knock-In Event:	Occurs if the Final Level of any Underlying is or less than its Knock-In Level.
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.
Lowest Performing Underlying:	The Underlying with the lowest Underlying Return.
Valuation Date:	March 23, 2020
Maturity Date:	March 30, 2020
CUSIP:	22551LAE0
Fees:	Certain fiduciary accounts may pay a purchase price of at least $982.50 per $1,000 principal amount of securities. Credit Suisse Securities (USA) LLC and any agent (the “Agents”) may pay varying discounts and commissions of up to $17.50 per $1,000 principal amount of securities. The Agent(s) through whom we distribute securities may enter into arrangements with other institutions with respect to the distribution of the securities, and those institutions may share in the commissions, discounts or other compensation received by the Agent(s), may be compensated separately and may also receive commissions from purchasers for whom they may act as agents. CSSU will also pay certain institutions or service providers a fee of $2.50 per security in consideration for providing education, structuring or other services with respect to the distribution of the securities. In addition, an affiliate of ours may pay referral fees of $4.50 per $1,000 principal amount of securities. The Agent(s) may re-allow some or all of the discount on the principal amount per security on sales of such securities by other brokers or dealers. CSSU or another broker or dealer will forgo some or all discounts and commissions with respect to the sales of securities into certain fiduciary accounts.

* As used in this document, references to "we" or "our" are to Credit Suisse AG, as Issuer.

** To be determined on the Trade Date.

Certain Product Characteristics

•

If the Final Level of the Lowest Performing Underlying is equal to or greater than its Knock In Level, offers a Redemption Amount that will equal, for each $1,000 principal amount of securities, $1,000 multiplied by the sum of one plus the Fixed Payment Percentage.

•

Fixed Payment Percentage expected to be between 11.25% and 12.25%.**

•

If a Knock-In Event occurs, full downside participation in the depreciation of the Lowest Performing Underlying.

•

Knock-In Level of approximately 75%** of the respective Initial Level for each Underlying.

Hypothetical Returns at Maturity

Percentage Change from the Initial Level to the Final Level of the Lowest Performing Underlying	Underlying Return of the Lowest Performing Underlying ⁽¹⁾	Redemption Amount per $1,000 Principal Amount ⁽¹⁾⁽²⁾
50%	11.25%	$1,112.50
40%	11.25%	$1,112.50
30%	11.25%	$1,112.50
20%	11.25%	$1,112.50
10%	11.25%	$1,112.50
0%	11.25%	$1,112.50
−10%	11.25%	$1,112.50
−20%	11.25%	$1,112.50
−25%	11.25%	$1,112.50
−26%	−26%	$740
−30%	−30%	$700
−40%	−40%	$600
−50%	−50%	$500

(1)

Assumes a Fixed Payment Percentage of 11.25%** (the bottom of the expected range).

(2)

The hypothetical Redemption Amounts set forth above are for illustrative purposes only and may not be the actual returns applicable to you. The numbers appearing in the table have been rounded for ease of analysis.

Certain Product Risks

•

Your investment may result in a loss of up to 100% of the principal amount of the securities you hold. The 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, you will be fully exposed to any depreciation in the Lowest Performing Underlying.

•

The value of the securities and the payment of any amount due on the securities are subject to the credit risk of Credit Suisse.

•

The Redemption Amount will be based on the Underlying Return of the Lowest Performing Underlying and, therefore, you will not benefit from the performance of the other Underlying.

•

The securities are exposed to the risk of fluctuations in the level of the Underlyings to the same degree for each Underlying.

•

The securities do not pay interest.

•

The return on the securities is affected by the Final Level of the Lowest Performing Underlying and by whether a Knock-In Event occurs.

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

Linked to the Performance of the Lowest Performing of the EURO STOXX 50^® Index and the iShares^® MSCI Emerging Markets ETF

The risks set forth in the section entitled “Certain 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 “Certain Product Risks” and “Additional Risk Considerations” sections herein, the “Selected Risk Considerations” section in the preliminary pricing supplement and the “Risk Factors” section in the product supplement, which set forth risks related to an investment in the securities.

You may revoke your offer to purchase the securities at any time prior to the time at which we accept such offer on the date the securities are priced. We reserve the right to change the terms of, or reject any offer to purchase the securities prior to their issuance. In the event of any changes to the terms of the securities, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes in which case we may reject your offer to purchase.

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 preliminary pricing supplement, underlying supplement, product 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 August 31, 2018, Underlying Supplement dated April 19, 2018, Product Supplement No. I–B dated June 30, 2017, Prospectus Supplement dated June 30, 2017 and Prospectus dated June 30, 2017, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. If the terms described in the applicable preliminary pricing supplement are inconsistent with those described herein, the terms described in the applicable preliminary pricing supplement will control. 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 preliminary pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus if you so request by calling toll-free 1 (800) 221-1037.

This fact sheet is a general description of the terms of the offering. Please see the full description in the applicable preliminary pricing supplement:

You may access the underlying supplement, product 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 preliminary pricing supplement.