Summary of Terms

Issuer	Credit Suisse AG (“Credit Suisse”), acting through its London branch
Agent	Wells Fargo Securities, LLC
Term	Approximately two years and six months
Market Measure	iShares^® Global Clean Energy ETF (the “Fund”)
Pricing Date	March 31, 2021
Issue Date	April 6, 2021
Original Offering Price	$1,000 per security
Maturity Payment at Stated Maturity	See “How the maturity payment is calculated” on page 4
Stated Maturity	October 6, 2023
Fund Closing Price	With respect to the Fund (or one unit of any other security for which a fund closing price must be determined) on any trading day, the product of (i) the closing price of one share of the Fund or such other security on such trading day and (ii) the adjustment factor applicable to the Fund on such trading day
Closing Price	With respect to a share of the Fund (or one unit of any other security for which a closing price must be determined) on any trading day, the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share is listed or admitted to trading
Adjustment Factor	1.0, subject to adjustment in the event of certain events affecting the shares of the Fund
Starting Price	The fund closing price on the pricing date
Ending Price	The fund closing price on the calculation day
Maximum Return	32.50% to 37.50% of the original offering price per security ($325 to $375 per security), to be determined on the pricing date
Threshold Price	82.50% of the starting price
Participation Rate	200%
Calculation Day	September 29, 2023
Calculation Agent	Credit Suisse International
Denominations	$1,000 and any integral multiple of $1,000
Fees	Wells Fargo Securities, LLC (“WFS”) will act as agent for the securities and will receive an agent discount of up to $29.75 per security. The agent may resell the securities to other securities dealers at the original offering price of the securities less a concession not in excess of $17.50 per security. Such securities dealers may include those using the trade name Wells Fargo Advisors (“WFA”). In addition to the concession allowed to WFA, WFS will pay $0.75 per security of the agent’s discount to WFA as a distribution expense fee for each security sold by WFA.
CUSIP	22552XDH3

Investment Description

Linked to the iShares^® Global Clean Energy ETF

Unlike ordinary debt securities, the securities do not pay interest or repay a fixed amount of principal at stated maturity. Instead, the securities provide for a payment at stated maturity that may be greater than, equal to or less than the original offering price of the securities, depending on the performance of the Fund from its starting price to its ending price.
The payment at stated maturity will reflect the following terms:

If the ending price is greater than the starting price:

You will receive the original offering price plus 200% participation in the upside performance of the Fund, subject to a maximum return of 32.50% to 37.50% of the original offering price per security ($325 to $375, to be determined on the pricing date). As a result of the maximum return, the maximum payment at stated maturity will be $1,325 to $1,375

If the ending price is equal to or less than the starting price but equal to or greater than the threshold price:

You will be repaid the original offering price.

If the ending price is less than the threshold price:

You will receive less than the original offering price and will have 1-to-1 downside exposure to the decrease in the price of the Fund beyond the threshold price

Investors may lose up to 82.50% of the original offering price

All payments on the securities are subject to the credit risk of Credit Suisse; if Credit Suisse defaults on its obligations, you could lose some or all of your investment

No periodic interest payments or dividends

No exchange listing; designed to be held to maturity

Credit Suisse currently estimates the value of each $1,000 original offering price of the securities on the pricing date will be between $900 and $970.25 (as determined by reference to our pricing models and the rate we are currently paying to borrow funds through issuance of the securities (our internal funding rate)). This range of estimated values reflects terms that are not yet fixed. A single estimated value reflecting final terms will be determined on the pricing date. See “Investment Description” and “Selected Risk Considerations” in the accompanying preliminary pricing supplement.

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

If the ending price is less than the threshold price, you will receive less than the original offering price of your securities at stated maturity, and you may lose 82.50% of your investment.

The following profile is based on a hypothetical maximum return of 35% or $350 per security (the midpoint of the specified range for the maximum return), a participation rate of 200% and a threshold price equal to 82.50% of the starting price. This graph has been prepared for purposes of illustration only. Your actual return will depend on the actual ending price, the actual maximum return and whether you hold your securities to stated maturity.

Assumes a hypothetical maximum return of 35%, or $350 per security (the midpoint of the specified range of the maximum return). Each security has an original offering price of $1,000.

The above figures are for purposes of illustration only and may have been rounded for ease of analysis. The actual amount you will receive at stated maturity and the resulting rates of return will depend on the actual starting price, ending price and maximum return.

The risk factors listed below are discussed in detail in the “Selected Risk Considerations” section in the accompanying preliminary pricing supplement. Please review those risk disclosures carefully.

Risks Relating to the Estimated Value and Secondary Market Prices of 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, 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 February 26, 2021, Product Supplement No. I–C dated June 18, 2020, Prospectus Supplement and Prospectus dated June 18, 2020, 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, 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 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.

Investment appropriateness must be determined individually for each investor. The securities described herein are not an appropriate investment for all investors. In particular, no investor should purchase the securities unless they understand and are able to bear the associated market, liquidity and yield risks. Unless market conditions and other relevant factors change significantly in your favor, a sale of the securities prior to maturity is likely to result in sale proceeds that are substantially less than the original offering price per security. Credit Suisse, WFS and their affiliates are not obligated to purchase the securities from you at any time prior to maturity.

Investors should review carefully the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus and consult their tax advisors regarding the application of the U.S. federal tax laws to their particular circumstances, as well as any tax consequences arising under the laws of any state, local or non-U.S. jurisdiction.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Product Supplement Term	Preliminary Pricing Supplement Term
Underlying	Fund
Trade date	Pricing date
Principal amount	Original offering price
Valuation date	Calculation day
Maturity date	Stated maturity
Closing level	Fund closing price
Initial level	Starting price
Final level	Ending price
Knock-in level	Threshold price

Hypothetical percentage change from the hypothetical starting price to the hypothetical ending price	Hypothetical maturity payment payable at stated maturity per security	Hypothetical rate of return
75.00%	$1,350	35.00%
50.00%	$1,350	35.00%
40.00%	$1,350	35.00%
30.00%	$1,350	35.00%
20.00%	$1,350	35.00%
17.50%	$1,350	35.00%
10.00%	$1,200	20.00%
5.00%	$1,100	10.00%
0.00%	$1,000	0.00%
-5.00%	$1,000	0.00%
-10.00%	$1,000	0.00%
-17.50%	$1,000	0.00%
-18.50%	$990	-1.00%
-20.00%	$975	-2.50%
-30.00%	$875	-12.50%
-40.00%	$775	-22.50%
-50.00%	$675	-32.50%
-75.00%	$425	-57.50%
-100.00%	$175	-82.50%