UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

November 4, 2021

Commission File Number 001-15244

Credit Suisse Group AG

(Translation of registrant’s name into English)

Paradeplatz 8, 8001 Zurich, Switzerland

(Address of principal executive office)

Commission File Number 001-33434

Credit Suisse AG

(Translation of registrant’s name into English)

Paradeplatz 8, 8001 Zurich, Switzerland

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

   Form 20-F      Form 40-F   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

This report includes the media release and the slides for the presentation to investors in connection with the 3Q21 results.

Media Release Zurich, November 4, 2021

Ad hoc announcement pursuant to article 53 LR

Credit Suisse posts strong pre-tax income of CHF 1.0 bn, up 26% YoY, and reinforces its strong capital base with a CET1 ratio of 14.4%

"Credit Suisse reported strong third quarter pre-tax income and a CET1 ratio of 14.4 percent.

Wealth Management businesses returned to robust net new assets and higher transaction revenues sequentially, while recurring commissions & fees and client business volumes demonstrated strong year on year momentum. Our Swiss Universal Bank had a record¹ third quarter performance. Our Asia Pacific business had a resilient performance notwithstanding deleveraging by clients and we continue to invest in the region, including in relationship managers and building-out our mainland China presence. Our Investment Bank delivered solid profitability driven by strong performance across Advisory, Capital Markets, Securitized Products and Equity Derivatives. Asset Management reported a further improved underlying performance driven across all revenues lines.

We have also taken decisive actions to strengthen our overall risk & controls foundation, continued our remediation efforts on the Supply Chain Finance Funds matter, with our priority to return cash to investors, and made significant progress in resolving legacy issues. Our objectives are clear: we want to become a stronger, more customer-centric bank that puts risk management at the very core of its DNA to deliver sustainable growth for investors, clients and colleagues.

Thomas Gottstein, Chief Executive Officer of Credit Suisse Group AG

Credit Suisse Group Reported Results (CHF mn, unless otherwise specified)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	5,437	5,103	5,198	5%	18,114	17,168	6%
o/w Wealth Management-related	3,270	3,609	3,164	3%	10,761	10,478	3%
o/w Investment Bank in USD mn	2,465	1,761	2,245	10%	8,114	7,381	10%
Provision for credit losses	(144)	(25)	94	-	4,225	958	-
Total operating expenses	4,573	4,315	4,301	6%	12,825	12,655	1%
Pre-tax income / (loss)	1,008	813	803	26%	1,064	3,555	(70)%
Net income / (loss) attributable to shareholders	434	253	546	(21)%	435	3,022	(86)%
Return on tangible equity attributable to shareholders	4.5%	2.6%	5.4%	-	1.5%	9.8%	-
CET1 ratio	14.4%	13.7%	13.0%	-	14.4%	13.0%	-
CET1 leverage ratio2	4.3%	4.2%	4.5%	-	4.3%	4.5%	-
Tier 1 leverage ratio3	6.1%	6.0%	6.3%	-	6.1%	6.3%	-
Adjusted excluding significant items and Archegos* (CHF mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	5,504	5,226	5,198	6%	18,160	16,766	8%
Pre-tax income	1,362	1,313	1,087	25%	6,271	3,514	78%

Highlights for the third quarter 2021

Strong pre-tax income growth year on year, together with more conservative risk appetite, driven by solid revenue growth and a net release of CHF 144 mn in provision for credit losses, partly offset by additional costs, including in relation to longstanding litigation issues

-Net income attributable to shareholders of CHF 434 mn, down 21% year on year driven by an elevated effective tax rate

-Reported pre-tax income of CHF 1.0 bn, up 26% year on year, including a gain of CHF 235 mn relating to Archegos, mainly due to a release of provisions pertaining to an assessment of the future recoverability of receivables, and a CHF 129 mn gain related to our equity investment in Allfunds Group. These gains were offset by major litigation charges of CHF 564 mn⁴, including CHF 214 mn in connection with settlements we announced last month relating to the Mozambique matter and litigation provisions in connection with certain other legacy matters, including mortgage-related matters, and in connection with the Supply Chain Finance Funds (SCFF) matter. We also recorded a further impairment relating to York Capital Management of CHF 113 mn in AM

-On an adjusted basis, excluding significant items and Archegos*, record⁵ third quarter pre-tax income of CHF 1.4 bn, up 25% year on year

-On an adjusted basis, excluding significant items and Archegos*, net revenues were up 6% year on year driven by higher net revenues across IB, AM and SUB, partly offset by lower net revenues in IWM

Page 1

Media Release Zurich, November 4, 2021

-Reported operating expenses of CHF 4.6 bn, up 6% year on year, primarily due to higher major litigation provisions and professional services fees. Adjusted operating expenses, excluding significant items and Archegos*, up 2% year on year, with continued investments in strategic initiatives, partially offset by lower compensation and benefits

-Net release of provision for credit losses of CHF 144 mn relating primarily to a release of USD 202 mn (CHF 188 mn) pertaining to an assessment of the future recoverability of receivables related to Archegos in the IB

-Settlement with US, UK and Swiss regulators of legacy matters related to loan financing for Mozambique state enterprises and related securities transactions that took place between 2013 and 2016; concluded enforcement proceeding with Swiss regulator related to past observation activities

-Continued progress on remediation work on the SCFF matter. Returning cash to investors remains a priority; total cash paid out and current cash and cash equivalents of approximately USD 7.0 bn as of September 30, 2021

Strong capital position, stable Assets under Management (AuM), and Net New Assets (NNA) of CHF 5.6 bn

-Strong capital base, with CET1 ratio at 14.4% as of the end of 3Q21, up from 13.7% as of the end of 2Q21benefitting from strong income generation and risk reduction across businesses; Tier 1 leverage ratio at 6.1%; CET1 leverage ratio at 4.3%

-Group AuM of over CHF 1.6 trn at the end of 3Q21, up approximately 10% year on year; NNA of CHF 5.6 bn with NNA in APAC, SUB and IWM offsetting net asset outflows in AM

-Wealth Management AuM of CHF 843 bn, up approximately 9% year on year, supporting recurring commissions and fees’ growth of 14% year on year

Highlights for the nine months of 2021

-Despite challenges year to date, we concluded our nine months ending September 2021 with a pre-tax income of CHF 1.1 bn, down 70% year on yeardue mainly to the charges incurred in relation to Archegos of CHF 4.8 bn (USD 5.1 bn)

-On an adjusted basis, excluding significant items and Archegos*, pre-tax income was CHF 6.3 bn, up 78% year on year, driven by a strong contribution from IB, SUB, APAC and AM; as well as lower operating expenses, down 3%

-On an adjusted basis, excluding significant items and Archegos*, net revenues wereup 8% year on year, at CHF 18.2 bn, driven by growth in net revenues across IB, AM, and APAC, slightly offset by lower revenues in IWM

-NNA of CHF 29.3 bn compared to CHF 33.6 bn in 9M20 across the Group; NNA of CHF 13.3 bn across Wealth Management businesses in 9M21, compared to CHF 18.3 bn in 9M20

Outlook

Overall, we expect to see a further reduction in market volumes for the remainder of 2021 as the trading environment normalizes compared to the elevated levels seen in 2020, particularly as central banks begin to signal the end of the monetary support provided during the COVID-19 crisis.

In Wealth Management, we expect recurring commissions and fees to continue to benefit from higher levels of AuM as well as increased levels of mandate penetration. With regard to transaction-based revenues in Wealth Management and the Investment Bank, we would expect revenue performance to reflect the normalization of trading conditions as well as the usual seasonal slowdown in market activity. The exit from the majority of Prime Services⁶ is expected to also reduce Equity Sales & Trading revenues. We would, though, expect our capital markets and advisory revenues to continue to benefit from the strong pipelines in both ECM and M&A. As noted in our strategy update, we expect an impairment in 4Q21 of ~CHF 1.6 bn in respect of the remaining Investment Bank-related goodwill on our balance sheet, which primarily relates to the Donaldson, Lufkin & Jenrette acquisition in 2000, as a consequence of which we would expect to report a net loss in 4Q21. It should be noted that this is a non-cash charge, which will neither reduce the Group’s capital ratios, nor its tangible book value.

As we noted at the end of 1Q21, we would expect the effective tax rate to remain significantly elevated for the final quarter of the year.

Supply Chain Finance Funds Matter Update

The Board of Directors commissioned an externally-led investigation into the SCFF matter, which is being supervised by a special committee. This continues to be a focus for the bank, and work is ongoing. Credit Suisse recorded litigation provisions in connection with the SCFF matter in 3Q21. As we have disclosed in our Financial Report for 3Q21, the Group continues to assess the potential for recovery on behalf of the investors in the funds, and further analyze new, pending or threatened proceedings. As previously reported, the resolution of this matter, the timing of which is difficult to predict, could cause the Group to incur material losses.

Page 2

Media Release Zurich, November 4, 2021

In terms of an update, along with the fifth cash payment made at the end of September 2021, total cash paid out and current cash and cash equivalents are at approximately 70% of the funds’ net asset value (NAV) as of February 25, 2021. In terms of cash payments, investors have received approximately USD 6.3 bn as of September 30, 2021.

We continue to make good progress on our non-focus areas and have reduced the outstanding exposure of notes by 86% of the February 25, 2021 exposure level. Non-focus areas currently account for USD 0.6 bn of the NAV as of February 25, 2021.

In terms of our focus areas, we continue to pursue all available recovery avenues, and they currently account for approximately USD 2.2 bn of the NAV as of February 25, 2021. Regarding GFG Australia, we received an initial payment of approximately USD 96 mn, and GFG Australia has agreed to repay the remaining principal of approximately USD 178 mn, including interest, by mid-2023⁷.

We continue to file insurance claims through the filing process with Greensill Bank; further claims are being prepared.

Finally, we are actively engaged with private bank investors in the SCFF to offer a waiver on certain fees for the bank’s services.

3Q21 Results – Review of Performance

We posted a pre-tax income of CHF 1.0 bn in 3Q21 benefitting from a positive impact relating to Archegos of CHF 235 mn, mainly due to a release of provision for credit losses pertaining to an assessment of the future recoverability of receivables, and gains on our equity investment in Allfunds Group of CHF 129 mn, partially offset by major litigation charges of CHF 564 mn, including CHF 214 mn related to the Mozambique matter as well as provisions for certain other legacy matters, including mortgage-related matters, and in connection with the SCFF matter. We also recorded a further impairment of CHF 113 mn relating to the valuation of our non-controlling interest in York Capital Management. Our net income attributable to shareholders of CHF 434 mn continued to be impacted by a significantly elevated effective tax rate, as previously guided, mainly due to only a partial tax recognition of the Archegos loss. We recorded a release in provision for credit losses of CHF 144 mn, which includes a release pertaining to an assessment of the future recoverability of receivables related to Archegos, partly offset by an increase in CECL-related provision for credit losses. The underlying business results⁸ were strong, despite our more conservative approach to risk. Our adjusted net revenues, excluding significant items and Archegos*, of CHF 5.5 bn, were up 6% year on year, and our adjusted pre-tax income, excluding significant items and Archegos*, of CHF 1.4 bn, was up 25%.

Our Wealth Management-related businesses reported net revenues of CHF 3.3 bn, up 3% year on year; on an adjusted basis, excluding significant items*, net revenues were up 4%. We saw strong momentum in recurring commissions and fees, up 12%, benefitting from higher client business volumes and an increased mandate penetration at 30%, up from 28% in 3Q20. We also recorded higher transaction- and performance-based revenues, up 6%. Net interest income was down 4%, impacted by lower deposit and loan margins, reflecting a reduction in risk appetite and deleveraging by clients, primarily in APAC.

Our Investment Bank delivered a solid underlying performance⁹ despite continued discipline in risk and capital management with reductions to RWA and leverage exposure in Prime Services. Net revenues of USD 2.5 bn were up 10% year on year; IB reported results included a release of provision for credit losses of USD 202 mn (CHF 188 mn) as well as a USD 24 mn (CHF 23 mn) benefit to revenues and USD 26 mn (CHF 24 mn) net cost recovery in operating expenses relating to Archegos. Adjusted net revenues, excluding Archegos*, were up 9% driven by strong client activity across Capital Markets, M&A and Equity Derivatives. Fixed Income Sales & Trading revenues were down 13% year on year and Equity Sales & Trading revenues, excluding Archegos*, were down 9% due to continued de-risking in Prime Services. Excluding Prime Services, Equity Sales & Trading revenues substantially increased driven by robust Equity Derivatives performance and higher Cash Equities results. Capital Markets revenues were up 14% and Advisory revenues were up significantly, by 182%, year on year. Revenues in Global Trading Solutions, our collaboration between the IB and our wealth management businesses, declined, in part due to our reduced capital usage and more conservative risk appetite coupled with lower volumes and volatility compared to an exceptional comparable in 3Q20.

Operating expenses for the Group of CHF 4.6 bn increased by 6% year on year, mainly driven by higher litigation provisions and professional services fees; adjusted operating expenses, excluding significant items and Archegos*, increased by 2% in part due to continued strategic investments across our businesses, including our investments in IT infrastructure, the build out of our mainland China business and the expansion of Private Banking coverage teams in APAC, as well as in risk and controls.

The Group reported AuM totaling CHF 1.6 trn at the end of 3Q21, up approximately 10% year on year, with a mandate penetration of approximately 30%, up 2 percentage points compared to 3Q20, supporting our recurring commissions and fees. We saw NNA of CHF 5.6 bn in 3Q21, compared to NNA of CHF 18.0 bn in 3Q20 and net asset outflows of CHF 4.7 bn in 2Q21.

We continued to improve our capital ratios with a CET1 ratio of14.4% at the end of 3Q21, compared to 13.7% at the end of 2Q21, and a CET1 leverage ratio of 4.3%, compared to 4.2% at the end of 2Q21. Our CET1 and leverage ratios benefitted from strong income generation and risk reduction across businesses.

Page 3

Media Release Zurich, November 4, 2021

9M21 Results – Review of Performance

The underlying resilience of our franchise, despite the impact of both the Archegos and SCFF matters, major litigation provisions, and our more conservative approach to risk and capital management, particularly in the Investment Bank, is evident in our results for the first nine months of 2021.

On an adjusted basis, excluding significant items and Archegos*, our net revenues were up 8% year on year, at CHF 18.2 bn, driven by revenue growth in IB, AM, and APAC, partially offset by lower revenues in IWM.

In 9M21, our adjusted pre-tax income, excluding significant items and Archegos*, increased 78% year on year, to CHF 6.3 bn, driven by growth in adjusted pre-tax income, excluding significant items and Archegos*, across most divisions, except for IWM where there was a 6% decrease year on year. It also reflects the net release in CECL-related provision for credit losses of CHF 207 mn and lower adjusted operating expenses, excluding significant items and Archegos*, down 3%, mainly reflecting lower compensation expenses partly offset by investments in strategic initiatives, including the hiring of relationship managers in APAC as well as investments in risk and controls.

Our Wealth Management-related businesses reported net revenues of CHF 10.8 bn, up 3% year on year. On an adjusted basis, excluding significant items*, net revenues were up 2%, driven by higher recurring commissions and fees, up 10% year on year, as well as higher transaction- and performance-based revenues, up 3%, partly offset by lower net interest income, down 6%.

Our Investment Bank reported net revenues of USD 8.1 bn, up 10% year on year. Our adjusted net revenues, excluding Archegos*, were up 17% reflecting the strong revenue environment. Fixed Income Sales & Trading revenues were down 6% year on year. Equity Sales & Trading revenues were down 25% year on year, however, excluding Archegos*, they were up 1%¹⁰. Capital Markets revenues were up 69% due to robust markets and increased client activity. Advisory revenues were up 50% due to a significant increase in M&A activity.

NNA for 9M21 were CHF 29.3 bn compared to CHF 33.6 bn in 9M20, with contributions from SUB of CHF 8.2 bn, IWM of CHF 8.3 bn, AM of CHF 9.9 bn and APAC of CHF 1.8 bn.

Page 4

Media Release Zurich, November 4, 2021

Detailed Divisional Summaries

Swiss Universal Bank (SUB)
Reported results (in CHF mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	1,391	1,477	1,294	7%	4,317	4,222	2%
Provision for credit losses	4	(21)	52	-	9	204	-
Operating expenses	764	773	812	(6)%	2,295	2,401	(4)%
Pre-tax income	623	725	430	45%	2,013	1,617	24%
Cost/income ratio (%)	55%	52%	63%	-	53%	57%	-
Net New Assets (bn)	1.5	0.6	5.5	-	8.2	6.1	-
o/w Private Clients (bn)	1.9	(0.9)	2.0	-	3.2	(3.8)	-
Adjusted results, excluding significant items* (in CHF mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	1,354	1,329	1,294	5%	4,089	4,063	1%
Operating expenses	764	758	771	(1)%	2,271	2,359	(4)%
Pre-tax income	586	592	471	24%	1,809	1,500	21%
Cost/income ratio (%)	56%	57%	60%	-	56%	58%	-

3Q21

-On an adjusted basis, excluding significant items*, SUB had a record¹¹ third quarter pre-tax income of CHF 586 mn, up 24% year on year, driven by higher net revenues up 5%, with stable operating expenses. Our ongoing cost discipline further supported our adjusted cost/income ratio, excluding significant items*, of 56%, while we continued to invest in our digital offering and sustainability initiatives

-Reported net revenues of CHF 1.4 bn were up 7% year on year and included a CHF 39 mn gain on our equity investment in Allfunds Group. Adjusted net revenues, excluding significant items,* were up 5% driven by increases across all major revenue categories with recurring commissions and fees up 11% supported by record¹² AuM levels and higher revenues from improved performance in our investment in Swisscard. Transaction-based revenues were up 4% and net interest income was up 3%

-Solid NNA of CHF 1.5 bn reflecting net inflows from Private Clients of CHF 1.9 bn, with contributions from all businesses, partially offset by net outflows in Corporate & Institutional Clients

-SUB recorded higher client business volume of CHF 1.1 trn, up 12% year on year

9M21

-On an adjusted basis, excluding significant items*, strong and record¹³ pre-tax income for the first nine months at CHF 1.8 bn, up 21% year on year, driven by significantly lower provision for credit losses, lower operating expenses down 4% and 1% net revenue growth

-Reported net revenues up 2% compared to 9M20; adjusted net revenues, excluding significant items*, of CHF 4.1 bn, up 1%, driven by higher recurring commissions and fees, up 8%, with stable net interest income, partly offset by lower transaction-based revenues, down 5%

-NNA of CHF 8.2 bn at an annualized growth rate of 2%, and supported by net inflows from Private Clients of CHF 3.2 bn, with contributions from all businesses

Page 5

Media Release Zurich, November 4, 2021

International Wealth Management (IWM)
Reported results (in CHF mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	829	930	836	(1)%	2,746	2,773	(1)%
Provision for credit losses	12	(25)	8	-	(13)	79	-
Operating expenses	624	615	631	(1)%	1,818	1,896	(4)%
Pre-tax income	193	340	197	(2)%	941	798	18%
Cost/income ratio (%)	75%	66%	75%	-	66%	68%	-
Net New Assets (bn)	1.4	(0.3)	6.9	-	8.3	12.4	-
Adjusted results, excluding significant items* (in CHF mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	812	803	836	(3)%	2,544	2,758	(8)%
Operating expenses	624	603	592	5%	1,812	1,890	(4)%
Pre-tax income	176	225	236	(25)%	745	789	(6)%
Cost/income ratio (%)	77%	75%	71%	-	71%	69%	-

3Q21

-On an adjusted basis, excluding significant items*, IWM recorded pre-tax income of CHF 176 mn, down 25% year on year, driven by lower net revenues down 3%, as well as higher operating expenses up 5% due in part to higher costs relating to our IT infrastructures and sustainability initiatives

-Stable reported net revenues, of CHF 829 mn, included a CHF 52 mn gain on our equity investment in Allfunds Group and a loss of CHF 35 mn relating to a business sale. Adjusted net revenues, excluding significant items*, of CHF 812 mn, were down 3%. This was driven by lower net interest income, down 13%, due to an adverse impact on deposit income from lower interest rates, as well as lower transaction and performance-based revenues, down 7%, due to lower client activity and GTS revenues in less volatile markets; additionally, 3Q20 included a revaluation gain on an investment of CHF 23 mn. However, higher recurring commissions and fees, up 13%, were driven by higher client business volume

-NNA of CHF 1.4 bn with strong inflows in Western Europe

-Client business volume of CHF 558 bn, up 13% year on year reflecting higher AuM of CHF 396 bn

9M21

-On an adjusted basis, excluding significant items*, pre-tax income was down 6% year on year at CHF 745 mn, mainly reflecting lower net revenues, which were only partly offset by lower operating expenses, down 4%, and a net release of provision for credit losses of CHF 13 mn

-Reported net revenues were stable compared to 9M20. Adjusted net revenues, excluding significant items*, of CHF 2.5 bn, were down 8% year on year, driven by lower transaction- and performance-based revenues, down 16%, mainly due to lower GTS revenues in less volatile markets, lower structured products revenues, and lower fees from foreign exchange client business as well as lower net interest income, down 15%, partially due to lower USD interest rates. This was partly offset by higher recurring commissions and fees, up 10%, with higher client business volume

-NNA of CHF 8.3 bn, reflecting an annualized growth rate of 3%

Page 6

Media Release Zurich, November 4, 2021

Asia Pacific (APAC)
Reported results (in USD mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	837	874	800	5%	2,877	2,507	15%
Provision for credit losses	7	6	49	-	43	241	-
Operating expenses	583	595	557	5%	1,737	1,641	6%
Pre-tax income	247	273	194	27%	1,097	625	76%
Cost/income ratio (%)	70%	68%	70%	-	60%	65%	-
Net New Assets (bn)	3.2	(6.7)	2.3	-	1.9	10.2	-
Adjusted results, excluding significant items* (in USD mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	795	770	800	(1)%	2,684	2,481	8%
Operating expenses	582	586	554	5%	1,726	1,638	5%
Pre-tax income	206	178	197	5%	915	602	52%
Cost/income ratio (%)	73%	76%	69%	-	64%	66%	-

3Q21

-On an adjusted basis, excluding significant items*, pre-tax income, up 5% year on year at USD 206 mn, was resilient despite volatility in Greater China markets and higher investment costs. Provision for credit losses significantly decreased, reflecting lower specific provisions; no impairments in China real estate. Adjusted operating expenses, excluding significant items*, was up 5% year on year, mainly due to our continued relationship manager hiring coupled with other investments, particularly in China, risk and controls and sustainability initiatives

-Reported net revenues of USD 837 mn, up 5% year on year, included a gain on the equity investment in Allfunds Group of USD 42 mn. Excluding significant items*, adjusted net revenues at USD 795 mn were stable, as lower net interest income was offset by higher recurring commissions and fees and transaction-based revenues. Net interest income was down 14%, reflecting a reduction in risk appetite and deleveraging by clients and lower loan and deposit margins. Recurring commissions and fees were up 19%, reflecting strong mandate and fund volumes and continued growth in mandate penetration. Transaction-based revenues were also up 4%¹⁴ due in part to higher fees from increased M&A activity, partly offset by weaker private client activity and lower revenues from GTS

-NNA of USD 3.2 bn achieved notwithstanding significant deleveraging and market-driven client outflows

-Client business volume of USD 380 bn, up 5% year on year

9M21

-On an adjusted basis, excluding significant items*, APAC recorded higher pre-tax income of USD 915 mn, up 52% year on year, driven by higher net revenues and significantly lower provision for credit losses, offsetting higher operating expenses

-Higher reported net revenues, up 15% year on year; adjusted net revenues, excluding significant items*, of USD 2.7 bn, were up 8%, driven by higher transaction-based revenues, up 16%, and higher recurring commission and fees, up 22%, reflecting higher mandates and funds volumes. These were partly offset by lower net interest income, down 8%, driven by lower deposit and loan margins

-NNA of USD 1.9 bn, including USD 6.7 bn of net asset outflows in 2Q21

Page 7

Media Release Zurich, November 4, 2021

Investment Bank (IB)
Reported results (in USD mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	2,465	1,761	2,245	10%	8,114	7,381	10%
Provision for credit losses	(182)	16	(16)	-	4,452	447	-
Operating expenses	1,815	1,831	1,856	(2)%	5,476	5,492	-
Pre-tax income/loss	832	(86)	405	105%	(1,814)	1,442	-
Cost/income ratio (%)	74%	104%	83%	-	67%	74%	-
Return on Regulatory Capital (%)	20%	(2)%	9%	-	(14)%	10%	-
Adjusted results, excluding Archegos* (in USD mn)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	2,441	2,303	2,245	9%	8,632	7,381	17%
Operating expenses	1,839	1,763	1,797	2%	5,380	5,409	(1)%
Pre-tax income	582	601	465	25%	3,382	1,525	122%
Cost/income ratio (%)	75%	77%	80%	-	62%	73%	-
Return on Regulatory Capital (%)	14%	13%	10%	-	26%	11%	-

3Q21

-Strong adjusted pre-tax income, excluding Archegos*, of USD 582 mn, up 25% year on year, with an adjusted return on regulatory capital (RoRC), excluding Archegos*, of 14%, resulting in record third quarter performance¹⁵, reflecting strength of the franchise, continued disciplined risk and capital management as well as constructive market conditions

-Reported provision for credit losses decreased due to a release of USD 202 mn related to Archegos in 3Q21; excluding this release, the adjusted* provision for credit losses, of USD 20 mn, increased due to CECL-related adjustments

-Despite significantly lower year on year capital usage, reported net revenues of USD 2.5 bn, were up 10% year on year; adjusted net revenues, excluding Archegos*, of USD 2.4 bn, up 9%, were driven by record¹⁶ third quarter revenues across several businesses including Capital Markets, M&A, Equity Derivatives, Securitized Products and Cash Equities

-Revenues in our Fixed Income Sales & Trading business were down 13% year on year, as continued outperformance in securitized products revenues, particularly in our number 1 ranked Asset Finance franchise¹⁷ and non-agency trading business, was offset by normalization in Emerging Markets, Macro and Global Credit Products compared to elevated volumes and volatility in 3Q20

-Equity Sales & Trading revenues, excluding Archegos*, declined by 9% year on year due to continued de-risking in Prime Services; excluding Prime Services, revenues substantially increased driven by a robust Equity Derivatives performance as well as higher Cash Equities revenues. Our Capital Markets revenues were up 14% driven by a strong ECM performance as well as a rebound in leverage finance activity; finally Advisory revenues were up 182% driven by very strong M&A fees which resulted in the best quarterly performance since 2018¹⁸

-Continued disciplined capital management with RWA down USD 12 bn year on year due to reductions in the corporate bank and Prime Services, and leverage exposure down USD 38 bn, mainly driven by a reduction in Prime Services

9M21

-Significantly higher adjusted pre-tax income, excluding Archegos*, of USD 3.4 bn resulted in an adjusted return on regulatory capital, excluding Archegos*, of 26% for 9M21. The reported pre-tax loss of USD 1.8 bn included losses from Archegos of approximately USD 5.1 bn

-Adjusted net revenues, excluding Archegos*, of USD 8.6 bn, up 17% year on year, resulting in a strong performance in 9M21 with notable results in capital markets, advisory and securitized products, while adjusted operating expenses, excluding Archegos*, were flat

Page 8

Media Release Zurich, November 4, 2021

Asset Management (AM)
Reported results (in CHF m)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	279	404	306	(9)%	1,069	1,112	(4)%
Provision for credit losses	1	1	4	-	2	6	-
Operating expenses	276	299	284	(3)%	846	840	1%
Pre-tax income	2	104	18	(89)%	221	266	(17)%
Cost/income ratio (%)	99%	74%	93%	-	79%	76%	-
Net New Assets (bn)	(1.7)	1.3	5.0	-	9.9	9.2	-
Adjusted results, excluding significant items* (in CHF m)	3Q21	2Q21	3Q20	∆3Q20	9M21	9M20	∆9M20
Net revenues	392	404	306	28%	1,182	909	30%
Operating expenses	276	297	270	2%	842	826	2%
Pre-tax income / (loss)	115	106	32	259%	338	77	339%
Cost/income ratio (%)	70%	74%	88%	-	71%	91%	-

3Q21

-On adjusted basis, excluding significant items*, pre-tax income was up significantly year on year at CHF 115 mn, driven by higher net revenues, up 28%, reflecting increases in investment & partnership income, management fees and performance & placement revenues. Adjusted operating expenses, excluding significant items*, were up 2%, mainly due to higher expenses related to the SCFF matter. Reported pre-tax income includes a further impairment of CHF 113 mn relating to the valuation of our non-controlling interest in York Capital Management

-Reported net revenues were down 9% year on year due to the impairment loss relating to York Capital Management; strong adjusted net revenues, excluding significant items*, of CHF 392 mn driven by significantly increased investment & partnership income, higher management fees up 11%, reflecting higher AuM, and improved performance and placement revenues up 48%, mainly due to higher placement fees

-Net asset outflows of CHF 1.7 bn, driven by outflows from Index, Credit, Insurance-linked Strategies and Fixed Income; AuM of CHF 475 bn

9M21

-On an adjusted basis, excluding significant items*, AM had significantly higher pre-tax income, year on year, of CHF 338 mn compared to CHF 77 mn, driven by higher net revenues, partly offset by higher operating expenses up 2%

-Reported net revenues of CHF 1.1 bn, down 4% year on year, mainly due to the gains related to the InvestLab transfer in 9M20 along with the impairment loss relating to York Capital Management in 9M21. Strong adjusted net revenues, excluding significant items*, up 30% year on year, driven by a significant increase in performance and placement revenues due to higher performance fees and carried interest, higher placement fees, and positive investment-related gains compared to 9M20. Also driven by higher management fees, up 10%, on a higher average AuM, as well as higher investment & partnership income up 74%

-NNA of CHF 9.9 bn at annualized growth rate of 3%

Page 9

Media Release Zurich, November 4, 2021

PROGRESS WITHIN SUSTAINABILITY, RESEARCH & INVESTMENT SOLUTIONS

One year after its creation, the Sustainability, Research & Investment Solutions (SRI) function continues to unlock value for our clients through the provision of sustainable solutions and insight in financial services

Sustainability

-As of the end of 3Q21, Credit Suisse’s assets managed according to sustainability criteria (Sustainable AuM) were CHF 144 bn, up 33% compared to December 31, 2020

-We continue to progress our 2050 net zero emissions commitment, by developing reduction pathways for the highest carbon-emitting sector exposures and expanding efforts to align our financing activities with the Paris Agreement global warming limit of 1.5º C. Furthermore, we have introduced a time-bound commitment to restrict financing and capital market underwriting to businesses involved in activities related to thermal coal mining and coal power. Details are available in our external summary of Credit Suisse’s Sector Policies and Guidelines

Research

-We continued to innovate our Research platform by exploring non-traditional channels, propelling sustainability thought leadership with key publications (e.g., ROE of a Tree, the 2021 edition of CSRI Gender 3000, Women to Women Investing reports) and advancing our Industry Immersion strategy, which enables proprietary access to public and private companies

Investment Solutions & Products

-Investment solutions have benefitted from strong client demand with mandate volumes up >10% year on year and private and alternative holdings up >30% year on year benefitting recurring revenues in Wealth Management-related businesses

-House View continues to perform well and generate positive growth for our clients across tactical and strategic allocations, themes and Supertrends

Page 10

Media Release Zurich, November 4, 2021

CONTACT DETAILS

Kinner Lakhani, Investor Relations, Credit Suisse

Tel: +41 44 333 71 49

Email: investor.relations@credit-suisse.com

Dominik von Arx, Corporate Communications, Credit Suisse

Tel: +41 844 33 88 44

Email: media.relations@credit-suisse.com

The Financial Report and Presentation Slides for 3Q21 are available to download from 06:45 CET today at: https://www.credit-suisse.com/results

PRESENTATION OF 3Q21 RESULTS AND GROUP’S STRATEGY REVIEW

THURSDAY, NOVEMBER 4, 2021

Event	Media Call on 3Q21 Results	Analyst Call	Media Call on Group’s Strategy Review
Time	07:30 CET (Zurich) 06:30 GMT (London) 02:30 EDT (New York)	08:15 CET (Zurich) 07:15 GMT (London) 03:15 EDT (New York)	14:30 CET (Zurich) 13:30 GMT (London) 09:30 EDT (New York)
Language	English	English	English
Access	Switzerland +41 044 580 37 45 UK +44 (0) 2030 576 560 USA +1 877 741 80 64 Reference: "Credit Suisse early media call" Conference ID: 1396859 Please dial in 10 minutes before the start of the call	Switzerland:+41 44 580 48 67 Europe: +44 203 057 6528 US: +1 866 276 8933 Reference: Credit Suisse Analysts and Investors Call Conference ID: 9946919 Please dial in 10 minutes before the start of the call Webcast link here.	Switzerland +41 044 580 48 67 UK +44 (0) 2030 576 528 USA Free Call 1866 276 89 33 Reference: "Credit Suisse Media Call"Conference ID: 1859665   Please dial in 10 minutes before the start of the call The call is also available via webcast.
Q&A Session	Following the presentation, you will have the opportunity to ask the speakers questions	Following the presentation, you will have the opportunity to ask the speakers questions	Following the presentation, you will have the opportunity to ask the speakers questions
Playback		Replay available at the webcast link.	Replay available at the webcast link.

Page 11

Media Release Zurich, November 4, 2021

* Refers to results excluding certain items included in our reported results. These results are non-GAAP financial measures. For a reconciliation to the most directly comparable US GAAP measures, see the Appendix of this Media Release.

Footnotes

¹ Since restated quarters, commencing 1Q18

² In 3Q20 and 9M20, leverage exposure excludes CHF 110 billion of central bank reserves, after adjusting for the dividend paid in 2020 as required by FINMA. FINMA announced the temporary exclusion for purposes of leverage ratio calculations in response to the COVID-19 pandemic, which temporary measure expired as of January 1, 2021

³ In 3Q20 and 9M20, leverage exposure excludes CHF 110 billion of central bank reserves, after adjusting for the dividend paid in 2020 as required by FINMA. FINMA announced the temporary exclusion for purposes of leverage ratio calculations in response to the COVID-19 pandemic, which temporary measure expired as of January 1, 2021

⁴ Consists of major litigation provisions of CHF 495 mn and a valuation adjustment related to major litigation of CHF 69 mn

⁵ Since 3Q16

⁶ With the exception of Index Access and APAC Delta One

⁷ AUD / USD exchange rate of 0.7416 used for purposes of calculating GFG Australian amounts

⁸ References to underlying results or performance mean adjusted pre-tax income, excluding significant items and Archegos*

⁹ References to underlying results or performance mean adjusted pre-tax income, excluding Archegos*

¹⁰ Excludes Archegos loss of USD 518 mn from Equity Sales & Trading revenues in 9M21

¹¹ Since restated quarters, commencing 1Q18

¹² Since restated quarters, commencing 1Q18

¹³ Since restated quarters, commencing 1Q18

¹⁴ 3Q21 financing revenues included mark-to-market losses of USD 15 mn (net of USD (8) mn of hedges). 3Q20 included mark-to-market losses of USD 40 mn (net of hedges of USD (11) mn)

¹⁵ Since restated quarters, commencing 1Q18

¹⁶ Since restated quarters, commencing 1Q18

¹⁷ Source: Thomson Reuters as of September 30, 2021 for the period

¹⁸ Since restated quarters, commencing 1Q18

Abbreviations

AM – Asset Management; APAC – Asia Pacific; AUD – Australian dollar; AuM – assets under management; BCBS – Basel Committee on Banking Supervision; BIS – Bank for International Settlements; bn – billion; CECL – US GAAP accounting standard for current expected credit losses; CET1 – common equity tier 1; CHF – Swiss francs; CSRI – Credit Suisse Research Institute; ECM – Equity Capital Markets; FINMA – Swiss Financial Market Supervisory Authority FINMA; FX – Foreign Exchange; GAAP – Generally accepted accounting principles; GTS – Global Trading Solutions; IB – Investment Bank; IWM – International Wealth Management; mn – million; M&A – Mergers & Acquisitions; NAV – Net Asset Value; NNA – net new assets; PC – Private Clients; RoRC – Return on Regulatory Capital; RoTE – Return on Tangible Equity; RWA – risk weighted assets; SEC – US Securities and Exchange Commission; SRI – Sustainability, Research & Investment Solutions; SUB – Swiss Universal Bank; SCFF – Supply Chain Finance Funds; trn – trillion; UK – United Kingdom; US – United States; USD – US dollar; WM – Wealth Management; YoY – year on year.

Important information

This document contains select information from the full 3Q21 Financial Report and 3Q21 Results Presentation slides that Credit Suisse believes is of particular interest to media professionals. The complete 3Q21 Financial Report and 3Q21 Results Presentation slides, which have been distributed simultaneously, contain more comprehensive information about our results and operations for the reporting quarter, as well as important information about our reporting methodology and some of the terms used in these documents. The complete 3Q21 Financial Report and 3Q21 Results Presentation slides are not incorporated by reference into this document.

We may not achieve all of the expected benefits of our strategic initiatives. Factors beyond our control, including but not limited to the market and economic conditions (including macroeconomic and other challenges and uncertainties, for example, resulting from the COVID-19 pandemic), changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives.

In particular, the terms “Estimate”, “Illustrative”, “Expectation”, “Ambition”, “Objective”, “Outlook”, “Goal”, “Commitment” and “Aspiration” are not intended to be viewed as targets or projections, nor are they considered to be Key Performance Indicators. All such estimates, illustrations, expectations, ambitions, objectives, outlooks, goals, commitments and aspirations are subject to a large number of inherent risks, assumptions and uncertainties, many of which are completely outside of our control. These risks, assumptions and uncertainties include, but are not limited to, general market conditions, market volatility, increased inflation, interest rate volatility and levels, global and regional economic conditions, challenges and uncertainties resulting from the COVID-

Page 12

Media Release Zurich, November 4, 2021

19 pandemic, political uncertainty, changes in tax policies, regulatory changes, changes in levels of client activity as a result of any of the foregoing and other factors. Accordingly, this information should not be relied on for any purpose. We do not intend to update these estimates, illustrations, expectations, ambitions, objectives, outlooks, goals, commitments or aspirations.

In preparing this document, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take into account variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results. Figures throughout this document may also be subject to rounding adjustments. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice and we do not intend to update this information.

Return on tangible equity, a non-GAAP financial measure, is calculated as annualized net income attributable to shareholders divided by average tangible shareholders’ equity. Tangible shareholders’ equity, a non-GAAP financial measure, is calculated by deducting goodwill and other intangible assets from total shareholders’ equity as presented in our balance sheet. Management believes that return on tangible equity is meaningful as it is a measure used and relied upon by industry analysts and investors to assess valuations and capital adequacy. For end-3Q21, tangible shareholders’ equity excluded goodwill of CHF 4,615 million and other intangible assets of CHF 234 million from total shareholders’ equity of CHF 44,498 million as presented in our balance sheet. For end-2Q21, tangible shareholders’ equity excluded goodwill of CHF 4,588 million and other intangible assets of CHF 245 million from total shareholders’ equity of CHF 43,580 million as presented in our balance sheet. For end-3Q20, tangible shareholders’ equity excluded goodwill of CHF 4,577 million and other intangible assets of CHF 256 million from total shareholders’ equity of CHF 45,740 million as presented in our balance sheet.

Beginning in 3Q21, the return on regulatory capital calculation has been updated to closer align with the actual capital and leverage ratio levels under which Credit Suisse operates, rather than the previously used minimum requirements set by regulators. Regulatory capital is calculated as the average of 13.5% of RWA and 4.25% of leverage exposure and return on regulatory capital, a non-GAAP financial measure, is calculated using income/(loss) after tax and assumes a tax rate of 30% for periods prior to 2020 and 25% from 2020 onward. Prior periods have been restated.For the Investment Bank division, return on regulatory capital is based on US dollar denominated numbers. Return on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology. For periods in 2020, for purposes of calculating Group return on regulatory capital, leverage exposure excludes cash held at central banks, after adjusting for the dividend paid in 2020.

Credit Suisse is subject to the Basel III framework, as implemented in Switzerland, as well as Swiss legislation and regulations for systemically important banks, which include capital, liquidity, leverage and large exposure requirements and rules for emergency plans designed to maintain systemically relevant functions in the event of threatened insolvency. Credit Suisse has adopted the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS) and implemented in Switzerland by the Swiss Financial Market Supervisory Authority FINMA (FINMA).

Unless otherwise noted, all CET1 ratio, Tier 1 leverage ratio, risk-weighted assets and leverage exposure figures in this document are as of the end of the respective period.

Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The tier 1 leverage ratio and CET1 leverage ratio are calculated as BIS tier 1 capital and CET1 capital, respectively, divided by period end leverage exposure.

Client business volume includes assets under management, custody assets (including assets under custody and commercial assets) and net loans.

Mandate penetration reflects advisory and discretionary mandates volumes as a percentage of assets under management, excluding those from the external asset manager business.

References to Wealth Management mean SUB PC, IWM and APAC or their combined results. References to Wealth Management-related mean SUB, IWM, APAC and AM or their combined results.

Investors and others should note that we announce important company information (including quarterly earnings releases and financial reports as well as our annual sustainability report) to the investing public using press releases, SEC and Swiss ad hoc filings, our website and public conference calls and webcasts. We also routinely use our Twitter account @creditsuisse (https://twitter.com/creditsuisse), our LinkedIn account (https://www.linkedin.com/company/credit-suisse/), our Instagram accounts (https://www.instagram.com/creditsuisse_careers/ and https://www.instagram.com/creditsuisse_ch/), our Facebook account (https://www.facebook.com/creditsuisse/) and other social media channels as additional means to disclose public information, including to excerpt key messages from our public disclosures. We may share or retweet such messages through certain of our regional accounts, including through Twitter at @csschweiz (https://twitter.com/csschweiz) and @csapac (https://twitter.com/csapac). Investors and others should take care to consider such abbreviated messages in the context of the disclosures from which they are excerpted. The information we post on these social media accounts is not a part of this document.

Page 13

Media Release Zurich, November 4, 2021

Information referenced in this document, whether via website links or otherwise, is not incorporated into this document.

Certain material in this document has been prepared by Credit Suisse on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness or reliability of such information.

In various tables, use of “–” indicates not meaningful or not applicable.

The English language version of this document is the controlling version.

Page 14

Appendix

Appendix

Key metrics
	in / end of			% change		in / end of		% change
	3Q21	2Q21	3Q20	QoQ	YoY	9M21	9M20	YoY
Credit Suisse Group results (CHF million)
Net revenues	5,437	5,103	5,198	7	5	18,114	17,168	6
Provision for credit losses	(144)	(25)	94	476	–	4,225	958	341
Compensation and benefits	2,255	2,356	2,441	(4)	(8)	6,818	7,351	(7)
General and administrative expenses	2,012	1,589	1,458	27	38	4,977	4,244	17
Commission expenses	306	325	295	(6)	4	960	953	1
Restructuring expenses	–	45	107	–	–	70	107	(35)
Total other operating expenses	2,318	1,959	1,860	18	25	6,007	5,304	13
Total operating expenses	4,573	4,315	4,301	6	6	12,825	12,655	1
Income before taxes	1,008	813	803	24	26	1,064	3,555	(70)
Net income attributable to shareholders	434	253	546	72	(21)	435	3,022	(86)
Statement of operations metrics (%)
Return on regulatory capital	7.9	6.1	6.4	–	–	2.8	9.3	–
Balance sheet statistics (CHF million)
Total assets	805,889	796,799	821,296	1	(2)	805,889	821,296	(2)
Risk-weighted assets	278,139	283,611	285,216	(2)	(2)	278,139	285,216	(2)
Leverage exposure	923,075	916,888	824,420	1	12	923,075	824,420	12
Assets under management and net new assets (CHF billion)
Assets under management	1,623.0	1,632.0	1,478.3	(0.6)	9.8	1,623.0	1,478.3	9.8
Net new assets	5.6	(4.7)	18.0	–	(68.9)	29.3	33.6	(12.8)
Basel III regulatory capital and leverage statistics (%)
CET1 ratio	14.4	13.7	13.0	–	–	14.4	13.0	–
CET1 leverage ratio	4.3	4.2	4.5	–	–	4.3	4.5	–
Tier 1 leverage ratio	6.1	6.0	6.3	–	–	6.1	6.3	–

Page A-1

Appendix

Results excluding certain items included in our reported results are non-GAAP financial measures. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation to the most directly comparable US GAAP measures.

Reconciliation of adjustment items
	Group
in	3Q21	2Q21	3Q20	9M21	9M20
Results (CHF million)
Net revenues	5,437	5,103	5,198	18,114	17,168
Real estate (gains)/losses	(4)	(4)	0	(8)	0
(Gains)/losses on business sales	42	0	0	42	0
Major litigation recovery	0	(49)	0	(49)	0
Valuation adjustment related to major litigation	69	0	0	69	0
Adjusted net revenues	5,544	5,050	5,198	18,168	17,168
Significant items
Gain related to InvestLab transfer	0	0	0	0	(268)
Gain on equity investment in Allfunds Group	(130)	(317)	0	(591)	0
Gain on equity investment in Pfandbriefbank	0	0	0	0	(134)
Impairment on York Capital Management	113	0	0	113	0
Adjusted net revenues excluding significant items	5,527	4,733	5,198	17,690	16,766
Archegos	(23)	493	0	470	0
Adjusted net revenues excluding significant items and Archegos	5,504	5,226	5,198	18,160	16,766
Provision for credit losses	(144)	(25)	94	4,225	958
Archegos	188	(70)	0	(4,312)	0
Provision for credit losses excluding Archegos	44	(95)	94	(87)	958
Total operating expenses	4,573	4,315	4,301	12,825	12,655
Restructuring expenses	–	(45)	(107)	(70)	(107)
Major litigation provisions	(495)	(208)	(152)	(707)	(231)
Expenses related to real estate disposals	(3)	(4)	(25)	(45)	(23)
Adjusted total operating expenses	4,075	4,058	4,017	12,003	12,294
Significant items
Expenses related to equity investment in Allfunds Group	(1)	(19)	0	(20)	0
Adjusted total operating expenses excluding significant items	4,074	4,039	4,017	11,983	12,294
Archegos	24	(31)	0	(7)	0
Adjusted total operating expenses excluding significant items and Archegos	4,098	4,008	4,017	11,976	12,294
Income before taxes	1,008	813	803	1,064	3,555
Adjusted income before taxes	1,613	1,017	1,087	1,940	3,916
Adjusted income/(loss) before taxes excluding significant items	1,597	719	1,087	1,482	3,514
Adjusted income/(loss) before taxes excluding significant items and Archegos	1,362	1,313	1,087	6,271	3,514

Page A-2

Appendix

Swiss Universal Bank
	in / end of			% change		in / end of		% change
	3Q21	2Q21	3Q20	QoQ	YoY	9M21	9M20	YoY
Results (CHF million)
Net revenues	1,391	1,477	1,294	(6)	7	4,317	4,222	2
of which Private Clients	724	718	700	1	3	2,179	2,305	(5)
of which Corporate & Institutional Clients	667	759	594	(12)	12	2,138	1,917	12
Provision for credit losses	4	(21)	52	–	(92)	9	204	(96)
Total operating expenses	764	773	812	(1)	(6)	2,295	2,401	(4)
Income before taxes	623	725	430	(14)	45	2,013	1,617	24
of which Private Clients	270	259	200	4	35	810	823	(2)
of which Corporate & Institutional Clients	353	466	230	(24)	53	1,203	794	52
Metrics (%)
Return on regulatory capital	15.6	17.9	10.8	–	–	16.8	13.8	–
Cost/income ratio	54.9	52.3	62.8	–	–	53.2	56.9	–
Private Clients
Assets under management (CHF billion)	217.3	217.0	205.0	0.1	6.0	217.3	205.0	6.0
Net new assets (CHF billion)	1.9	(0.9)	2.0	–	–	3.2	(3.8)	–
Gross margin (annualized) (bp)	133	134	138	–	–	136	150	–
Net margin (annualized) (bp)	50	48	39	–	–	51	54	–
Corporate & Institutional Clients
Assets under management (CHF billion)	506.3	504.8	441.0	0.0	14.8	506.3	441.0	14.8
Net new assets (CHF billion)	(0.4)	1.5	3.5	–	–	5.0	9.9	–

Reconciliation of adjustment items
	Private Clients			Corporate & Institutional Clients			Swiss Universal Bank
in	3Q21	2Q21	3Q20	3Q21	2Q21	3Q20	3Q21	2Q21	3Q20
Results (CHF million)
Net revenues	724	718	700	667	759	594	1,391	1,477	1,294
Real estate (gains)/losses	(4)	(4)	0	0	0	0	(4)	(4)	0
(Gains)/losses on business sales	6	0	0	0	0	0	6	0	0
Major litigation recovery	0	0	0	0	(49)	0	0	(49)	0
Adjusted net revenues	726	714	700	667	710	594	1,393	1,424	1,294
Significant items
Gain on equity investment in Allfunds Group	0	0	0	(39)	(95)	0	(39)	(95)	0
Adjusted net revenues excluding significant items	726	714	700	628	615	594	1,354	1,329	1,294
Provision for credit losses	9	5	5	(5)	(26)	47	4	(21)	52
Total operating expenses	445	454	495	319	319	317	764	773	812
Restructuring expenses	–	(1)	(36)	–	(4)	(5)	–	(5)	(41)
Expenses related to real estate disposals	0	(4)	0	0	0	0	0	(4)	0
Adjusted total operating expenses	445	449	459	319	315	312	764	764	771
Significant items
Expenses related to equity investment in Allfunds Group	0	0	0	0	(6)	0	0	(6)	0
Adjusted total operating expenses excluding significant items	445	449	459	319	309	312	764	758	771
Income before taxes	270	259	200	353	466	230	623	725	430
Adjusted income before taxes	272	260	236	353	421	235	625	681	471
Adjusted income before taxes excluding significant items	272	260	236	314	332	235	586	592	471

Page A-3

Appendix

Reconciliation of adjustment items (continued)
	Private Clients		Corporate & Institutional Clients		Swiss Universal Bank
in	9M21	9M20	9M21	9M20	9M21	9M20
Results (CHF million)
Net revenues	2,179	2,305	2,138	1,917	4,317	4,222
Real estate (gains)/losses	(8)	0	0	0	(8)	0
(Gains)/losses on business sales	6	0	0	0	6	0
Major litigation recovery	0	0	(49)	0	(49)	0
Adjusted net revenues	2,177	2,305	2,089	1,917	4,266	4,222
Significant items
Gain related to InvestLab transfer	0	0	0	(25)	0	(25)
Gain on equity investment in Allfunds Group	0	0	(177)	0	(177)	0
Gain on equity investment in Pfandbriefbank	0	(134)	0	0	0	(134)
Adjusted net revenues excluding significant items	2,177	2,171	1,912	1,892	4,089	4,063
Provision for credit losses	19	45	(10)	159	9	204
Total operating expenses	1,350	1,437	945	964	2,295	2,401
Restructuring expenses	(6)	(36)	(8)	(5)	(14)	(41)
Major litigation provisions	0	0	0	(1)	0	(1)
Expenses related to real estate disposals	(4)	0	0	0	(4)	0
Adjusted total operating expenses	1,340	1,401	937	958	2,277	2,359
Significant items
Expenses related to equity investment in Allfunds Group	0	0	(6)	0	(6)	0
Adjusted total operating expenses excluding significant items	1,340	1,401	931	958	2,271	2,359
Income before taxes	810	823	1,203	794	2,013	1,617
Adjusted income before taxes	818	859	1,162	800	1,980	1,659
Adjusted income before taxes excluding significant items	818	725	991	775	1,809	1,500

Page A-4

Appendix

International Wealth Management
	in / end of			% change		in / end of		% change
	3Q21	2Q21	3Q20	QoQ	YoY	9M21	9M20	YoY
Results (CHF million)
Net revenues	829	930	836	(11)	(1)	2,746	2,773	(1)
Provision for credit losses	12	(25)	8	–	50	(13)	79	–
Total operating expenses	624	615	631	1	(1)	1,818	1,896	(4)
Income before taxes	193	340	197	(43)	(2)	941	798	18
Metrics (%)
Return on regulatory capital	12.6	22.0	13.1	–	–	20.6	18.0	–
Cost/income ratio	75.3	66.1	75.5	–	–	66.2	68.4	–
Assets under management (CHF billion)	395.7	399.5	352.0	(1.0)	12.4	395.7	352.0	12.4
Net new assets (CHF billion)	1.4	(0.3)	6.9	–	–	8.3	12.4	–
Gross margin (annualized) (bp)	84	95	96	–	–	95	106	–
Net margin (annualized) (bp)	20	35	23	–	–	32	31	–

Reconciliation of adjustment items
	International Wealth Management
in	3Q21	2Q21	3Q20	9M21	9M20
Results (CHF million)
Net revenues	829	930	836	2,746	2,773
(Gains)/losses on business sales	35	0	0	35	0
Adjusted net revenues	864	930	836	2,781	2,773
Significant items
Gain related to InvestLab transfer	0	0	0	0	(15)
Gain on equity investment in Allfunds Group	(52)	(127)	0	(237)	0
Adjusted net revenues excluding significant items	812	803	836	2,544	2,758
Provision for credit losses	12	(25)	8	(13)	79
Total operating expenses	624	615	631	1,818	1,896
Restructuring expenses	–	(5)	(16)	(5)	(16)
Major litigation provisions	0	0	(20)	11	12
Expenses related to real estate disposals	0	0	(3)	(5)	(2)
Adjusted total operating expenses	624	610	592	1,819	1,890
Significant items
Expenses related to equity investment in Allfunds Group	0	(7)	0	(7)	0
Adjusted total operating expenses excluding significant items	624	603	592	1,812	1,890
Income before taxes	193	340	197	941	798
Adjusted income before taxes	228	345	236	975	804
Adjusted income before taxes excluding significant items	176	225	236	745	789
Adjusted return on regulatory capital (%)	14.8	22.4	15.6	21.3	18.1
Adjusted return on regulatory capital excluding significant items (%)	11.5	14.6	15.6	16.3	17.8

Page A-5

Appendix

Asia Pacific
	in / end of			% change		in / end of		% change
	3Q21	2Q21	3Q20	QoQ	YoY	9M21	9M20	YoY
Results (CHF million)
Net revenues	771	798	728	(3)	6	2,629	2,371	11
Provision for credit losses	7	6	45	17	(84)	40	230	(83)
Total operating expenses	536	542	506	(1)	6	1,587	1,550	2
Income before taxes	228	250	177	(9)	29	1,002	591	70
Metrics (%)
Return on regulatory capital	19.2	20.3	15.1	–	–	28.1	16.0	–
Cost/income ratio	69.5	67.9	69.5	–	–	60.4	65.4	–
Assets under management (CHF billion)	230.1	236.3	218.5	(2.6)	5.3	230.1	218.5	5.3
Net new assets (CHF billion)	2.9	(6.1)	2.2	–	–	1.8	9.7	–
Gross margin (annualized) (bp)	134	136	135	–	–	151	149	–
Net margin (annualized) (bp)	40	43	33	–	–	58	37	–

Results (USD million)
Net revenues	837	874	800	(4)	5	2,877	2,507	15
Provision for credit losses	7	6	49	17	(86)	43	241	(82)
Total operating expenses	583	595	557	(2)	5	1,737	1,641	6
Income before taxes	247	273	194	(10)	27	1,097	625	76

Reconciliation of adjustment items
	Asia Pacific
in	3Q21	2Q21	3Q20	9M21	9M20
Results (CHF million)
Net revenues	771	798	728	2,629	2,371
Significant items
Gain related to InvestLab transfer	0	0	0	0	(25)
Gain on equity investment in Allfunds Group	(39)	(95)	0	(177)	0
Adjusted net revenues excluding significant items	732	703	728	2,452	2,346
Provision for credit losses	7	6	45	40	230
Total operating expenses	536	542	506	1,587	1,550
Restructuring expenses	–	(3)	(2)	(4)	(2)
Adjusted total operating expenses	536	539	504	1,583	1,548
Significant items
Expenses related to equity investment in Allfunds Group	(1)	(6)	0	(7)	0
Adjusted total operating expenses excluding significant items	535	533	504	1,576	1,548
Income before taxes	228	250	177	1,002	591
Adjusted income before taxes	228	253	179	1,006	593
Adjusted income before taxes excluding significant items	190	164	179	836	568

Page A-6

Appendix

Reconciliation of adjustment items
	Asia Pacific
in	3Q21	2Q21	3Q20	9M21	9M20
Results (USD million)
Net revenues	837	874	800	2,877	2,507
Significant items
Gain related to InvestLab transfer	0	0	0	0	(26)
Gain on equity investment in Allfunds Group	(42)	(104)	0	(193)	0
Adjusted net revenues excluding significant items	795	770	800	2,684	2,481
Provision for credit losses	7	6	49	43	241
Total operating expenses	583	595	557	1,737	1,641
Restructuring expenses	0	(3)	(3)	(4)	(3)
Adjusted total operating expenses	583	592	554	1,733	1,638
Significant items
Expenses related to equity investment in Allfunds Group	(1)	(6)	0	(7)	0
Adjusted total operating expenses excluding significant items	582	586	554	1,726	1,638
Income before taxes	247	273	194	1,097	625
Adjusted income before taxes	247	276	197	1,101	628
Adjusted income before taxes excluding significant items	206	178	197	915	602
Adjusted return on regulatory capital (%)	19.4	20.9	15.8	28.4	16.2
Adjusted return on regulatory capital excluding significant items (%)	16.1	13.5	15.8	23.6	15.5

Page A-7

Appendix

Asset Management
	in / end of			% change		in / end of		% change
	3Q21	2Q21	3Q20	QoQ	YoY	9M21	9M20	YoY
Results (CHF million)
Net revenues	279	404	306	(31)	(9)	1,069	1,112	(4)
Provision for credit losses	1	1	4	0	(75)	2	6	(67)
Total operating expenses	276	299	284	(8)	(3)	846	840	1
Income before taxes	2	104	18	(98)	(89)	221	266	(17)
Metrics (%)
Return on regulatory capital	1.2	43.5	6.9	–	–	32.8	35.1	–
Cost/income ratio	98.9	74.0	92.8	–	–	79.1	75.5	–

Reconciliation of adjustment items
	Asset Management
in	3Q21	2Q21	3Q20	9M21	9M20
Results (CHF million)
Net revenues	279	404	306	1,069	1,112
Significant items
Gain related to InvestLab transfer	0	0	0	0	(203)
Impairment on York Capital Management	113	0	0	113	0
Adjusted net revenues excluding significant items	392	404	306	1,182	909
Provision for credit losses	1	1	4	2	6
Total operating expenses	276	299	284	846	840
Restructuring expenses	–	(2)	(13)	(3)	(13)
Expenses related to real estate disposals	0	0	(1)	(1)	(1)
Adjusted total operating expenses	276	297	270	842	826
Income before taxes	2	104	18	221	266
Adjusted income before taxes	2	106	32	225	280
Adjusted income before taxes excluding significant items	115	106	32	338	77
Adjusted return on regulatory capital (%)	1.2	44.6	12.1	33.4	36.9
Adjusted return on regulatory capital excluding significant items (%)	52.1	44.6	12.1	50.2	10.1

Page A-8

Appendix

Wealth Management-related - Reconciliation of adjustment items
	Wealth Management-related
in	3Q21	2Q21	3Q20	9M21	9M20
Results (CHF million)
Net revenues	3,270	3,609	3,164	10,761	10,478
Real estate (gains)/losses	(4)	(4)	0	(8)	0
(Gains)/losses on business sales	41	0	0	41	0
Major litigation recovery	0	(49)	0	(49)	0
Adjusted net revenues	3,307	3,556	3,164	10,745	10,478
Significant items
Gain related to InvestLab transfer	0	0	0	0	(268)
Gain on equity investment in Allfunds Group	(130)	(317)	0	(591)	0
Gain on equity investment in Pfandbriefbank	0	0	0	0	(134)
Impairment on York Capital Management	113	0	0	113	0
Adjusted net revenues excluding significant items	3,290	3,239	3,164	10,267	10,076
Provision for credit losses	24	(39)	109	38	519
Total operating expenses	2,200	2,229	2,233	6,546	6,687
Restructuring expenses	–	(15)	(72)	(26)	(72)
Major litigation provisions	0	0	(20)	11	11
Expenses related to real estate disposals	0	(4)	(4)	(10)	(3)
Adjusted total operating expenses	2,200	2,210	2,137	6,521	6,623
Significant items
Expenses related to equity investment in Allfunds Group	(1)	(19)	0	(20)	0
Adjusted total operating expenses excluding significant items	2,199	2,191	2,137	6,501	6,623
Income before taxes	1,046	1,419	822	4,177	3,272
Adjusted income before taxes	1,083	1,385	918	4,186	3,336
Adjusted income before taxes excluding significant items	1,067	1,087	918	3,728	2,934

Page A-9

Appendix

Investment Bank
	in / end of			% change		in / end of		% change
	3Q21	2Q21	3Q20	QoQ	YoY	9M21	9M20	YoY
Results (CHF million)
Net revenues	2,266	1,610	2,047	41	11	7,419	6,989	6
Provision for credit losses	(170)	14	(14)	–	–	4,194	433	–
Total operating expenses	1,666	1,672	1,691	0	(1)	4,998	5,191	(4)
Income/(loss) before taxes	770	(76)	370	–	108	(1,773)	1,365	–
Metrics (%)
Return on regulatory capital	20.4	(1.9)	8.9	–	–	(13.8)	10.5	–
Cost/income ratio	73.5	103.9	82.6	–	–	67.4	74.3	–

Results (USD million)
Net revenues	2,465	1,761	2,245	40	10	8,114	7,381	10
Provision for credit losses	(182)	16	(16)	–	–	4,452	447	–
Total operating expenses	1,815	1,831	1,856	(1)	(2)	5,476	5,492	0
Income/(loss) before taxes	832	(86)	405	–	105	(1,814)	1,442	–

Net revenue detail
in	3Q21	2Q21	3Q20	9M21	9M20
Net revenue detail (USD million)
Fixed income sales and trading	801	890	921	3,260	3,478
Equity sales and trading	557	(28)	588	1,517	2,016
Capital markets	807	874	708	2,870	1,696
Advisory and other fees	330	123	117	667	446
Other revenues	(30)	(98)	(89)	(200)	(255)
Net revenues	2,465	1,761	2,245	8,114	7,381

Page A-10

Appendix

Reconciliation of adjustment items
	Investment Bank
in	3Q21	2Q21	3Q20	9M21	9M20
Results (CHF million)
Net revenues	2,266	1,610	2,047	7,419	6,989
Archegos	(23)	493	0	470	0
Adjusted net revenues excluding Archegos	2,243	2,103	2,047	7,889	6,989
Provision for credit losses	(170)	14	(14)	4,194	433
Archegos	188	(70)	0	(4,312)	0
Provision for credit losses excluding Archegos	18	(56)	(14)	(118)	433
Total operating expenses	1,666	1,672	1,691	4,998	5,191
Restructuring expenses	–	(29)	(33)	(46)	(33)
Major litigation provisions	0	0	0	0	(24)
Expenses related to real estate disposals	(3)	0	(21)	(35)	(20)
Adjusted total operating expenses	1,663	1,643	1,637	4,917	5,114
Archegos	24	(31)	0	(7)	0
Adjusted total operating expenses excluding Archegos	1,687	1,612	1,637	4,910	5,114
Income/(loss) before taxes	770	(76)	370	(1,773)	1,365
Adjusted income/(loss) before taxes	773	(47)	424	(1,692)	1,442
Adjusted income before taxes excluding Archegos	538	547	424	3,097	1,442
Adjusted return on regulatory capital (%)	20.4	(1.2)	10.3	(13.1)	11.1
Adjusted return on regulatory capital excluding Archegos (%)	14.3	13.4	10.3	25.7	11.1

Reconciliation of adjustment items
	Investment Bank
in	3Q21	2Q21	3Q20	9M21	9M20
Results (USD million)
Net revenues	2,465	1,761	2,245	8,114	7,381
Archegos	(24)	542	0	518	0
Adjusted net revenues excluding Archegos	2,441	2,303	2,245	8,632	7,381
Provision for credit losses	(182)	16	(16)	4,452	447
Archegos	202	(77)	0	(4,582)	0
Provision for credit losses excluding Archegos	20	(61)	(16)	(130)	447
Total operating expenses	1,815	1,831	1,856	5,476	5,492
Restructuring expenses	0	(33)	(36)	(51)	(36)
Major litigation provisions	0	0	0	0	(25)
Expenses related to real estate disposals	(2)	(1)	(23)	(37)	(22)
Adjusted total operating expenses	1,813	1,797	1,797	5,388	5,409
Archegos	26	(34)	0	(8)	0
Adjusted total operating expenses excluding Archegos	1,839	1,763	1,797	5,380	5,409
Income/(loss) before taxes	832	(86)	405	(1,814)	1,442
Adjusted income/(loss) before taxes	834	(52)	464	(1,726)	1,525
Adjusted income before taxes excluding Archegos	582	601	464	3,382	1,525
Adjusted return on regulatory capital (%)	20.4	(1.2)	10.3	(13.1)	11.1
Adjusted return on regulatory capital excluding Archegos (%)	14.3	13.4	10.3	25.7	11.1

Page A-11

Appendix

Global investment banking revenues
in	3Q21	2Q21	3Q20	9M21	9M20
Global investment banking revenues (USD million)
Fixed income sales and trading	803	890	921	3,262	3,478
Equity sales and trading	536	514	588	2,038	2,016
Capital markets	892	965	789	3,152	1,967
Advisory and other fees	380	154	153	801	566
Other revenues	(35)	(98)	(89)	(205)	(255)
Global investment banking revenues	2,576	2,425	2,362	9,048	7,772

Page A-12

Appendix

Cautionary statement regarding forward-looking information

This document contains statements that constitute forward-looking statements. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:

■ our plans, targets or goals;

■ our future economic performance or prospects;

■ the potential effect on our future performance of certain contingencies; and

■ assumptions underlying any such statements.

Words such as “believes,” “anticipates,” “expects,” “intends” and “plans” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, targets, goals, expectations, estimates and intentions expressed in such forward-looking statements and that the COVID-19 pandemic creates significantly greater uncertainty about forward-looking statements in addition to the factors that generally affect our business. These factors include:

■ the ability to maintain sufficient liquidity and access capital markets;

■ market volatility, increases in inflation and interest rate fluctuations or developments affecting interest rate levels, including the persistence of a low or negative interest rate environment;

■ the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of negative impacts of COVID-19 on the global economy and financial markets and the risk of continued slow economic recovery or downturn in the EU, the US or other developed countries or in emerging markets in 2021 and beyond;

■ the emergence of widespread health emergencies, infectious diseases or pandemics, such as COVID-19, and the actions that may be taken by governmental authorities to contain the outbreak or to counter its impact;

■ potential risks and uncertainties relating to the severity of impacts from COVID-19 and the duration of the pandemic, including potential material adverse effects on our business, financial condition and results of operations;

■ the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets;

■ adverse rating actions by credit rating agencies in respect of us, sovereign issuers, structured credit products or other credit-related exposures;

■ the ability to achieve our strategic goals, including those related to our targets, ambitions and financial goals;

■ the ability of counterparties to meet their obligations to us and the adequacy of our allowance for credit losses;

■ the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies;

■ the effects of currency fluctuations, including the related impact on our business, financial condition and results of operations due to moves in foreign exchange rates;

■ political, social and environmental developments, including war, civil unrest or terrorist activity and climate change;

■ the ability to appropriately address social, environmental and sustainability concerns that may arise from our business activities;

■ the effects of, and the uncertainty arising from, the UK’s withdrawal from the EU;

■ the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;

■ operational factors such as systems failure, human error, or the failure to implement procedures properly;

■ the risk of cyber attacks, information or security breaches or technology failures on our reputation, business or operations, the risk of which is increased while large portions of our employees work remotely;

■ the adverse resolution of litigation, regulatory proceedings and other contingencies;

■ actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations;

■ the effects of changes in laws, regulations or accounting or tax standards, policies or practices in countries in which we conduct our operations;

■ the expected discontinuation of LIBOR and other interbank offered rates and the transition to alternative reference rates;

■ the potential effects of changes in our legal entity structure;

■ competition or changes in our competitive position in geographic and business areas in which we conduct our operations;

■ the ability to retain and recruit qualified personnel;

■ the ability to maintain our reputation and promote our brand;

■ the ability to increase market share and control expenses;

■ technological changes instituted by us, our counterparties or competitors;

■ the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;

■ acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets; and

■ other unforeseen or unexpected events and our success at managing these and the risks involved in the foregoing.

We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in “Risk factors” in I – Information on the company in our Annual Report 2020 and in “Risk factor” in Credit Suisse results – Credit Suisse in our 1Q21 Financial Report.

Page A-13

 Thomas Gottstein, Chief Executive OfficerDavid Mathers, Chief Financial OfficerNovember 4, 2021  Credit SuisseThird Quarter 2021 ResultsAnalyst and Investor Call 

 Disclaimer (1/2)  2  November 4, 2021  This material does not purport to contain all of the information that you may wish to consider. This material is not to be relied upon as such or used in substitution for the exercise of independent judgment. Please also refer to the 3Q21 Supplemental Information and our 3Q21 Financial Report for additional information. Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, targets, goals, expectations, estimates and intentions we express in these forward-looking statements, including those we identify in "Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2021, in “Credit Suisse – Risk factor” in our 1Q21 Financial Report published on May 6, 2021 and in the “Cautionary statement regarding forward-looking information" in our 3Q21 Financial Report published on November 4, 2021 and filed with the US Securities and Exchange Commission, and in other public filings and press releases. We do not intend to update these forward-looking statements. In particular, the terms “Estimate”, “Illustrative”, “Expectation”, “Ambition”, “Objective”, “Outlook”, “Goal”, “Commitment” and “Aspiration” are not intended to be viewed as targets or projections, nor are they considered to be Key Performance Indicators. All such estimates, illustrations, expectations, ambitions, objectives, outlooks, goals, commitments and aspirations are subject to a large number of inherent risks, assumptions and uncertainties, many of which are completely outside of our control. These risks, assumptions and uncertainties include, but are not limited to, general market conditions, market volatility, increased inflation, interest rate volatility and levels, global and regional economic conditions, challenges and uncertainties resulting from the COVID-19 pandemic, political uncertainty, changes in tax policies, regulatory changes, changes in levels of client activity as a result of any of the foregoing and other factors. Accordingly, this information should not be relied on for any purpose. We do not intend to update these estimates, illustrations, expectations, ambitions, objectives, outlooks, goals, commitments or aspirations. We may not achieve the benefits of our strategic initiativesWe may not achieve all of the expected benefits of our strategic initiatives. Factors beyond our control, including but not limited to the market and economic conditions (including macroeconomic and other challenges and uncertainties, for example, resulting from the COVID-19 pandemic), changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives.Estimates and assumptionsIn preparing this presentation, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take into account variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results. Figures throughout this presentation may also be subject to rounding adjustments. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice and we do not intend to update this information. 

 Disclaimer (2/2)  3  November 4, 2021  Statement regarding non-GAAP financial measuresThis presentation contains non-GAAP financial measures, including results excluding certain items included in our reported results as well as return on regulatory capital and return on tangible equity (which is based on tangible shareholders’ equity). Further details and information needed to reconcile such non-GAAP financial measures to the most directly comparable measures under US GAAP can be found in the 3Q21 Supplemental Information as well as in the3Q21 Financial Report, which are both available on our website at www.credit-suisse.com.Statement regarding capital, liquidity and leverageCredit Suisse is subject to the Basel III framework, as implemented in Switzerland, as well as Swiss legislation and regulations for systemically important banks, which include capital, liquidity, leverage and large exposure requirements and rules for emergency plans designed to maintain systemically relevant functions in the event of threatened insolvency. Credit Suisse has adopted the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS) and implemented in Switzerland by the Swiss Financial Market Supervisory Authority FINMA.Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The tier 1 leverage ratio and CET1 leverage ratio are calculated as BIS tier 1 capital and CET1 capital, respectively, divided by period-end leverage exposure. Unless otherwise noted, for periods in 2020, leverage exposure excludes cash held at central banks, after adjusting for the dividend paid in 2020.SourcesCertain material in this presentation has been prepared by Credit Suisse on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness or reliability of such information.Mandatory Convertible NotesThese materials are not an offer to sell securities or the solicitation of any offer to buy securities, nor shall there be any offer of securities, in any jurisdiction in which such offer or sale would be unlawful.These materials are not an offer of securities for sale in the United States or to U.S. persons (“U.S. persons”) as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). The mandatory convertible notes described in these materials and the shares of Credit Suisse Group AG issuable on their conversion have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from registration under the U.S. Securities Act. 

 Key highlights of 3Q21  4  November 4, 2021  Note: Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information † RoRC is a non-GAAP financial measure and was updated in 3Q21 to align with Group capital and leverage ratios, see 3Q21 Supplemental Information 1 Includes major litigation provisions and CHF (69) mn of net revenues in connection with a valuation adjustment on a legacy exposure related to the Mozambique matter 2 Since restated quarters commencing 1Q18 3 Based on US dollar denominated numbers 4 Refers to regulatory capital, calculated as the average of 13.5% of average RWA and 4.25% of average leverage exposure 5 Refers to SUB PC, IWM and APAC  LITIGATION &OTHER UPDATES  FINANCIAL PERFORMANCE  Strong Investment Bank PTI up 25%3 YoY and RoRC† of 14%3, driven by revenues up 9% despite 10% decline in capital usage4  Reported pre-tax income of CHF 1.0 bn, up 26% YoY, including gains of CHF 0.2 bn and CHF 0.1 bn relating to the future recoverability of Archegos receivables and our Allfunds stake, respectively, as well as an impairment of CHF 0.1 bn on our York interest and major litigation charges of CHF 0.6 bn1            CAPITAL  CET1 ratio of 14.4%, up QoQ benefitting from strong income generation and disciplined capital management  Tier 1 leverage ratio at 6.1%, CET1 leverage ratio at 4.3%      Solid performance in Asset Management with PTI up 259% YoY from growth across all revenue lines  Adjusted pre-tax income excluding significant items and Archegos of CHF 1.4 bn, up 25% YoY:  IWM PTI down 25% YoY with higher recurring commissions and fees more than offset by lower net interest income and increased operating expenses  Record2 third-quarter performance in SUB with PTI up 24% YoY driven by higher net revenues up 5% YoY      Settlement with US, UK and Swiss regulators of legacy matters related to loan financing for Mozambique state enterprises and related securities transactions that took place between 2013 and 2016  Concluded enforcement proceeding with Swiss regulator related to past observation activities  Continued progress on remediation work on the supply chain finance funds matter; 5th cash payment made and first recovery in focus area  Resilient APAC PTI up 5%3 YoY with higher recurring commissions and fees partially offset by increased investment costs  Robust Wealth Management5 NNA of CHF 6.2 bn (3% annualized growth) across all businesses 

   Update on supply chain finance fundsSelected highlights  5  November 4, 2021  Note: Data as of September 30, 2021; Data Source: CS AM Portfolio Management for all information pertaining to Fund Notional Value after cash payout. The NAV is published through the Fund Administrator. Differences (e.g. different data sources, cut-off times, FX rates, etc.) may occur 1 Includes FX effects and recovery costs accrual 2 AUD / USD exchange rate of 0.7416 used for GFG Australian amounts  Fund volume break-down as of September 30, 2021Illustrative view incl. October GFG Australia paymentin USD bn                          Selected highlights    Focus Areas: Continue to pursue all available recovery avenuesGFG Australia2: Pursuant to the achieved restructuring transaction in early-October, an initial payment of ~USD 96 mn received, with agreement to repay remaining principal of ~USD 178 mn incl. interest by mid-2023 latest     5th cash payment made at the end of September with total cash paid out and current cash & cash equivalents at approx. 70% of NAV as of February 25    Non-focus areas: Continue to make good progress, reduced outstanding exposure of notes by 86% of February 25 exposure    Continue to file insurance claims through the filing process with Greensill Bank. Further claims are being prepared    Active engagement with clients of the bank to waive certain fees on the bank’s services  FOCUSAREAS  CASHPAYMENT  NON-FOCUS AREAS  INSURANCE  CLIENT GOODWILL PROGRAM        NAV as ofFebruary 25  Non-focus areas  Supply chain finance notes  Cash payment  Current cash & cash equivalents1  Focus areas(“GFG Alliance”,Katerra & Bluestone)  ~10  6.3  2.8  2.2        Change due to GFG Australia transaction   

 Continued strong performance in 3Q21, albeit affected by litigation provisions and significant items  6  November 4, 2021  Group quarterly pre-tax income in CHF bn  Note: Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information  Group nine-monthly net revenues and pre-tax incomein CHF bn        Net revenues    Pre-tax income  2016  2017  2018  2019  2020  2021            9M16  9M17  9M18  9M19  9M20  9M21  1.1  Reported  0.8  1.1  0.2  0.4  0.7  Adjustedexcl. significant itemsand Archegos  Reported  Adjustedexcl. significant itemsand Archegos  18.1  15.1  (0.1)  15.7  1.7  16.1  2.8  16.3  3.5  17.2  3.6  1.0 

 Detailed Financials  7  November 4, 2021 

 Group Overview  8  Note: Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information. 9M21 reported results include a gain related to the equity investment in Allfunds Group, a loss related to Archegos and an impairment related to York. 9M20 reported results include a gain related to the completed transfer of the InvestLab fund platform to Allfunds Group and Pfandbriefbank ‡ RoTE is a non-GAAP financial measure, see 3Q21 Supplemental Information 1 Includes SUB, IWM, APAC and AM  November 4, 2021  Credit Suisse Group in CHF mn unless otherwise specified  3Q21  2Q21  3Q20  Δ 3Q20  9M21  9M20  Δ 9M20  Net revenues  5,437  5,103  5,198  5%  18,114  17,168  6%  o/w Wealth Management-related1  3,270  3,609  3,164  3%  10,761  10,478  3%  o/w Investment Bank in USD mn  2,465  1,761  2,245  10%  8,114  7,381  10%  Provision for credit losses  (144)  (25)  94    4,225  958    o/w Archegos  (188)  70  -    4,312  -    o/w CECL-related  20  (168)  (55)    (207)  380    Total operating expenses  4,573  4,315  4,301  6%  12,825  12,655  1%  Pre-tax income  1,008  813  803  26%  1,064  3,555  (70)%  Income tax expense  570  566  258    610  539    Effective tax rate  57%  70%  32%    57%  15%    Net income attributable to shareholders  434  253  546  (21)%  435  3,022  (86)%  Return on tangible equity‡  4.5%  2.6%  5.4%    1.5%  9.8%    Cost/income ratio  84%  85%  83%    71%  74%    Diluted earnings per share in CHF  0.16  0.10  0.22  (27)%  0.17  1.20  (86)%  Adjusted excluding significant items and Archegos in CHF mn                Net revenues  5,504  5,226  5,198  6%  18,160  16,766  8%  o/w Wealth Management-related1  3,290  3,239  3,164  4%  10,267  10,076  2%  Pre-tax income  1,362  1,313  1,087  25%  6,271  3,514  78% 

   Adjusted pre-tax income excluding significant items and Archegos of CHF 1.4 bn, up 25% YoY  9  November 4, 2021  Group pre-tax incomein CHF mn  Revenues (23)Credit prov. (188)Expenses (24)  Note: Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information1 Includes major litigation provisions and CHF (69) mn of net revenues in connection with a valuation adjustment on a legacy exposure related to the Mozambique matter  1 

 10  November 4, 2021  CET1 ratio increased to 14.4%; CET1 leverage ratio at 4.3%  CET1 ratio development  CET1 leverage ratio development   3  1 Pre-tax income impact 2 Includes RWA FX impact of (6) bps and impacts from internal and external model and parameter updates 3 Includes CET1 capital FX impact of 6 bps (offsetting the respective RWA FX impact), quarterly dividend accrual and impacts from other regulatory CET1 adjustments 4 Includes leverage exposure FX impact 5 Includes CET1 capital FX impact, quarterly dividend accrual and impacts from other regulatory CET1 adjustments 6 Includes SUB, IWM, APAC and AM 7 Includes SUB PC, IWM and APAC          5  1  1  1  Key messagesCET1 ratio at 14.4%, up from 13.7% in 2Q21, benefitting from both strong income generation and risk reduction across businessesCET1 leverage ratio of 4.3%, up from 4.2% at the end of 2Q21; Tier 1 leverage ratio increased by 10 bps to 6.1%Continued disciplined capital managementInvestment Bank RWA and leverage exposure include further reductions in Prime ServicesRWA in the Wealth Management-related6 divisions include reductions from active de-risking measuresLeverage exposure increased by CHF 6 bn in 3Q21, including an increase in HQLA of CHF 8 bn mainly driven by increased funding and higher customer deposits in Wealth Management7  2  1  4 

   Continued cost discipline notwithstanding investments in the franchise  11  November 4, 2021  Group operating expensesin CHF bn  Note: Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information 1 Adjustments include major litigation provisions, restructuring expenses, expenses related to real estate disposals and expenses related to business sales  13.2  Adjustments1,significant items& Archegos          12.6  12.7  12.8  Adjusted expensesexcl. significant items & Archegos  Cost developmentOngoing cost discipline resulted in a YoY decrease of 3% on an adjusted basis excluding significant items and ArchegosLower compensation expenses were partially offset by investments in strategic initiatives, including hiring of relationship managers in APAC, as well as in risk and controls 

   12  November 4, 2021  CECL provisions broadly stable;specific provisions benefit from partial Archegos release  Allowance for credit losses (ACL)1in CHF mn  1 Includes the allowance for credit losses on financial assets held at amortized cost and provisions for off-balance sheet credit exposures 2 Includes FX translation impact and other adjustment items of CHF (17) mn, including CECL impact of CHF 27 mn, and provision for interest of CHF 16 mn 3 Includes FX translation impact and other adjustment items of CHF 44 mn, including CECL impact of CHF (6) mn, and provision for interest of CHF 14 mn  1       Provision for credit losses – Non-CECL      Provision for credit losses – CECL-related    1   Non-specificprovisions  Specificprovisions  1,902  2      1H21    Non-specificprovisions  Specificprovisions  4,596  Includes CHF 4,500 mn relating to Archegos    6,142  769  3Q21  Non-specificprovisions  Specificprovisions    5,945  Includes CHF (188) mn relating to Archegos  1   3 

   13  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude significant items. Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information. All percentage changes and comparative descriptions refer to YoY measurements unless otherwise specified † RoRC is a non-GAAP financial measure and was updated in 3Q21 to align with Group capital and leverage ratios, see 3Q21 Supplemental Information 1 Since restated quarters commencing 1Q18 2 2021 figures include declines from the transfer of volumes from Private Clients to Corporate & Institutional Clients following the integration of NAB (net loans CHF 6 bn, AuM CHF 4 bn, custody assets CHF 3 bn)  November 4, 2021  Key metrics          in CHF bn  3Q21  2Q21  3Q20  Δ 3Q20  Net margin in bps2  50  49  46  4  Client Business Volume2  400  401  373  7%  Net loans2  114  113  118  (4)%  Net new assets  1.9  (0.9)  2.0    Risk-weighted assets  82  83  82  -  Leverage exposure  305  304  295  3%  Adjusted key financials excl. significant items          in CHF mn  3Q21  2Q21  3Q20  Δ 3Q20  Net revenues  1,354  1,329  1,294  5%  Provision for credit losses  4  (21)  52    o/w CECL-related  (6)  (47)  (36)    Total operating expenses  764  758  771  (1)%  Adj. pre-tax income excl. sign. items  586  592  471  24%  Reported pre-tax income  623  725  430  45%  Adj. cost/income ratio excl. sign. items  56%  57%  60%    Adj. RoRC† excl. sign. items  15%  15%  12%    Reported return on regulatory capital†  16%  18%  11%    PC  Swiss Universal BankRecord1 third quarter performance driven by higher net revenues  Key messagesRecord1 first nine months adjusted PTI excluding significant items of CHF 1,809 mnReported PTI of CHF 623 mn included a total gain of CHF 39 mn related to the equity investment in Allfunds Group; 3Q20 included restructuring expenses of CHF 41 mn, mainly relating to the integration of Neue Aargauer Bank Adjusted PTI excluding significant items up 24% with higher net revenues and stable operating expenses; RoRC† at 15%Net revenues up 5% with increases across all major revenue categories, including an increase of 11% in recurring commissions and fees supported by record1 AuM levels and higher revenues from improved performance in our investment in SwisscardOperating expenses stable with continued investments in our digital offering and sustainability campaigns, offset by ongoing cost discipline; cost/income ratio of 56% down 4 pp.Solid Private Clients NNA of CHF 1.9 bn with contributions from all businessesClient business volume for the SUB division up 12% compared to 3Q20  

   International Wealth ManagementLower PTI as recurring fee growth is offset by increased costs; return to positive NNA  14  November 4, 2021  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude significant items. Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information. All percentage changes and comparative descriptions refer to YoY measurements unless otherwise specified † RoRC is a non-GAAP financial measure and was updated in 3Q21 to align with Group capital and leverage ratios, see 3Q21 Supplemental Information 1 Includes other revenues of CHF 1 mn in 3Q21 and CHF 3 mn in 3Q20  Adjusted key financials excl. significant items          in CHF mn  3Q21  2Q21  3Q20  Δ 3Q20  Net interest income  264  269  302  (13)%  Recurring commissions & fees  306  318  272  13%  Transaction-based  241  216  259  (7)%  Net revenues1  812  803  836  (3)%  Provision for credit losses  12  (25)  8    o/w CECL-related  10  (50)  2    Total operating expenses  624  603  592  5%  Adj. pre-tax income excl. sign. items  176  225  236  (25)%  Reported pre-tax income  193  340  197  (2)%  Adj. cost/income ratio excl. sign. items  77%  75%  71%    Adj. RoRC† excl. sign. items  11%  15%  16%    Reported return on regulatory capital†  13%  22%  13%    Key metrics          in CHF bn  3Q21  2Q21  3Q20  Δ 3Q20  Net margin in bps  18  23  27  (9)  Client Business Volume   558  571  494  13%  Net loans  55  55  53  4%  Net new assets  1.4  (0.3)  6.9    Risk-weighted assets  34  34  34  (1)%  Leverage exposure  109  108  102  7%  Key messagesReported PTI of CHF 193 mn included a total gain of CHF 52 mn related to the equity investment in Allfunds Group and a loss on a business sale ofCHF 35 mn Adjusted PTI excluding significant items of CHF 176 mn reflecting lower revenues and higher operating expensesNet revenues were down 3%:Net interest income stabilizing vs. 2Q21, but lower vs. 3Q20 due to adverse impact on deposit income from lower interest rates, partially offset by income from higher loan volumesContinued growth in recurring commission and fees from 13% higher client business volume at stable marginsTransaction-based revenues were down due to lower client activity and GTS revenues in less volatile markets; 3Q20 included a revaluation gain on an investment of CHF 23 mnOperating expenses were up 5% as lower compensation expenses were more than offset by higher costs relating to IT infrastructure and sustainability initiatives; 9M21 total operating expenses were down 4% vs. 9M20Return to positive NNA of CHF 1.4 bnClient business volume up 13% YoY, but down 2% QoQ largely driven by lower custody assets due to market impact and outflows 

   Asia PacificResilient PTI despite volatility in Greater China markets and higher investment costs  15  November 4, 2021  Adjusted key financials excl. significant items          in USD mn  3Q21  2Q21  3Q20  Δ 3Q20  Net interest income  242  276  281  (14)%  Recurring commissions & fees  111  115  93  19%  Transaction-based  443  378  425  4%  Net revenues1  795  770  800  (1)%  Provision for credit losses  7  6  49    o/w CECL-related  -  (19)  10    Total operating expenses  582  586  554  5%  Adj. pre-tax income excl. sign. items  206  178  197  5%  Reported pre-tax income  247  273  194  27%  Adj. cost/income ratio excl. sign. items  73%  76%  69%    Adj. RoRC† excl. sign. items  16%  14%  16%    Reported return on regulatory capital†  19%  21%  16%    Key metrics          in USD bn  3Q21  2Q21  3Q20  Δ 3Q20  Net margin in bps  33  28  33  -  Client Business Volume   380  414  361  5%  Net loans  41  44  42  (1)%  Net new assets  3.2  (6.7)  2.3    Risk-weighted assets  29  31  29  (2)%  Leverage exposure  85  85  80  7%  Key messagesReported PTI of USD 247 mn included a total gain of USD 41 mn related to the equity investment in Allfunds GroupAdjusted PTI excluding significant items of USD 206 mn, up 5% Net revenues largely stable YoYNII down 14% YoY and 12% QoQ reflecting a reduction in risk appetite and deleveraging by clients and lower loan and deposit margins; net loans decreased 6% sequentially Recurring commissions and fees up 19% reflecting strong mandate and fund volumes; continued growth in mandates penetration rate of 15% in 3Q21, up 3 pp. since 3Q20Transaction-based revenues up 4%2 with higher fees from increased M&A activity, partly offset by weaker private client activity and lower revenues from GTSProvision for credit losses significantly decreased, reflecting lower specific provisions; no impairments in China real estateOperating expenses increased mainly due to RM growth and other investments including China, risk and controls and sustainability initiatives; 3Q21 RMs at 670, up 70 from the beginning of the year3Q21 NNA of USD 3.2 bn achieved notwithstanding significant deleveraging and market-driven client outflows RWA declined QoQ mainly driven by business reductions; leverage exposure increased 7% YoY mainly due to higher HQLA and higher business usage  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude significant items. Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information. All percentage changes and comparative descriptions refer to YoY measurements unless otherwise specified † RoRC is a non-GAAP financial measure and was updated in 3Q21 to align with Group capital and leverage ratios, see 3Q21 Supplemental Information 1 Includes other revenues of USD (1) mn in 3Q21, USD 1 mn in 2Q21 and USD 1 mn in 3Q20 2 3Q21 includes mark-to-market losses of USD 15 mn (net of USD (8) mn of hedges). 3Q20 included mark-to-market losses of USD 40 mn (net of hedges of USD (11) mn) 

 Investment BankStrong profitability driving 14% RoRC despite Prime Services resizing  16  November 4, 2021  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude the loss related to Archegos. Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information. All percentage changes and comparative descriptions refer to YoY measurements unless otherwise specified † RoRC is a non-GAAP financial measure and was updated in 3Q21 to align with Group capital and leverage ratios, see 3Q21 Supplemental Information 1 Other revenues include treasury funding costs and changes in the carrying value of certain investments 2 3Q21 includes USD 24 mn in revenues, USD 202 mn release of provisions and USD 26 mn in expense recovery. 2Q21 includes USD 542 mn in revenues losses, USD 77 mn in provisions and USD 34 mn in expenses 3 Includes restructuring, real estate disposals and major litigation 4 Dealogic as of September 30, 2021 5 Thomson Reuters as of September 30, 2021  Key metrics          in USD bn  3Q21  2Q21  3Q20  Δ 3Q20  Risk-weighted assets  78  78  90  (13)%  Leverage exposure  327  329  365  (10)%  Adjusted key financials excl. Archegos          in USD mn  3Q21  2Q21  3Q20  Δ 3Q20  Fixed income S&T  801  890  921  (13)%  Equity S&T  533  514  588  (9)%  Capital markets  807  874  708  14%  Advisory and other fees  330  123  117  182%  Other1  (30)  (98)  (89)    Net revenues  2,441  2,303  2,245  9%  Provision for credit losses  20  (61)  (16)    o/w CECL-related  15  (58)  (37)    Total operating expenses  1,839  1,763  1,797  2%  Adj. pre-tax income excl. Archegos  582  601  464  25%   Archegos2  (252)  653  -      Other adjustments3  2  34  59    Reported pre-tax income  832  (86)  405  105%  Adj. cost/income ratio excl. Archegos  75%  77%  80%    Adj. RoRC† excl. Archegos  14%  13%  10%    Reported return on regulatory capital†  20%  (2)%  9%    Key messagesAdjusted PTI excluding Archegos of USD 582 mn increased 25%, reflecting strength of client franchise, constructive market conditions and disciplined risk managementNet revenues increased 9% vs. strong 3Q20 results and despite a 10% decline in allocated capital usage:Continued strength in Capital Markets and Advisory, up 38%, driven by record M&A activity, robust ECM performance and a rebound in activity in our #4 ranked4 Leveraged Finance franchise; significantly higher M&A and ECM pipelines expected to sustain momentumFixed Income sales & trading revenues declined as outperformance in Securitized Products, particularly in #1 ranked Asset Finance franchise5 and Non-Agency, was offset by normalization in Emerging Markets, Macro and Global Credit Products activity vs. elevated 3Q20 levelsEquity sales and trading revenues declined due to continued de-risking in Prime Services; excluding Prime Services, revenues increased substantially driven by robust Equity Derivatives performance and higher Cash Equities resultsReported provision for credit losses decreased driven by a release of USD 202 mn pertaining to an assessment of the future recoverability of receivables related to ArchegosOperating expenses up 2% primarily due to higher general and administrative costsContinued disciplined capital management with RWA down USD 12 bn or 13% due to reductions in the Corporate Bank and Prime Services and leverage exposure down USD 38 bn or 10% primarily due to reductions in Prime Services 

   Asset ManagementSteady improvement in core revenues  17  November 4, 2021  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude significant items. Results excluding certain items included in our reported results are non-GAAP financial measures. For further details and reconciliation information, see 3Q21 Supplemental Information. All percentage changes and comparative descriptions refer to YoY measurements unless otherwise specified † RoRC is a non-GAAP financial measure and was updated in 3Q21 to align with Group capital and leverage ratios, see 3Q21 Supplemental Information  Adjusted key financials excl. significant items          in CHF mn  3Q21  2Q21  3Q20  Δ 3Q20  Management fees  290  285  261  11%  Performance & placement rev.  59  66  40  48%  Investment & partnership income  43  53  5  >500%  Net revenues  392  404  306  28%  Provision for credit losses  1  1  4    Total operating expenses  276  297  270  2%  Adj. pre-tax income  115  106  32  259%  Reported pre-tax income  2  104  18  (89)%  Adj. cost/income ratio  70%  74%  88%    Adjusted return on regulatory capital†  52%  45%  12%    Reported return on regulatory capital†  1%  44%  7%    Key metrics          in CHF bn  3Q21  2Q21  3Q20  Δ 3Q20  Assets under management  475  471  439  8%  Net new assets  (1.7)  1.3  5.0    Risk-weighted assets  8  10  11  (24)%  Leverage exposure  3  3  3  (24)%  Key messagesReported PTI included a further impairment of CHF 113 mn related to the valuation of our non-controlling interest in York Capital ManagementAdjusted pre-tax income excluding significant items of CHF 115 mn, substantial YoY improvement benefitting from increases in all revenue linesNet revenues up 28% reflecting higher investment & partnership income, growth in recurring management fees reflecting higher AuM and increased performance & placement revenuesOperating expenses increased 2% driven by expenses related to the SCFF matter, partially offset by lower variable compensationNet asset outflows of CHF 1.7 bn driven by outflows from Index, Credit, Insurance-linked Strategies and Fixed Income; delays related to mandates and fund closings impacting 3Q21RWA and leverage exposure largely decreased as a result of exiting non-core holdings in investments and partnerships 

 November 4, 2021  18   

 November 4, 2021  Credit SuisseThird Quarter 2021 ResultsSupplemental Information 

 Disclaimer  2  November 4, 2021  This is intended as a supplement and should be read in connection with the 3Q21 Credit Suisse Results Presentation slides.This material does not purport to contain all of the information that you may wish to consider. This material is not to be relied upon as such or used in substitution for the exercise of independent judgment. Estimates and assumptionsIn preparing this presentation, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take into account variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results. Figures throughout this presentation may also be subject to rounding adjustments. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice and we do not intend to update this information.Statement regarding non-GAAP financial measuresThis presentation contains non-GAAP financial measures, including results excluding certain items included in our reported results as well as return on regulatory capital and return on tangible equity (which is based on tangible shareholders’ equity). Further details and information needed to reconcile such non-GAAP financial measures to the most directly comparable measures under US GAAP can be found in this presentation, which is available on our website at www.credit-suisse.com.Statement regarding capital, liquidity and leverageCredit Suisse is subject to the Basel III framework, as implemented in Switzerland, as well as Swiss legislation and regulations for systemically important banks, which include capital, liquidity, leverage and large exposure requirements and rules for emergency plans designed to maintain systemically relevant functions in the event of threatened insolvency. Credit Suisse has adopted the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS) and implemented in Switzerland by the Swiss Financial Market Supervisory Authority FINMA.Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The tier 1 leverage ratio and CET1 leverage ratio are calculated as BIS tier 1 capital and CET1 capital, respectively, divided by period-end leverage exposure. Swiss leverage ratios are measured on the same period-end basis as the leverage exposure for the BIS leverage ratio. Unless otherwise noted, for periods in 2020, leverage exposure excludes cash held at central banks, after adjusting for the dividend paid in 2020. 

 Swiss Universal BankPrivate Clients and Corporate & Institutional Clients  3  November 4, 2021  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude significant items. Results excluding items included in our reported results are non-GAAP financial measures. For further details, see the reconciliation of adjustment items in this presentation  C&IC Adjusted key financials excl. significant items          in CHF mn  3Q21  2Q21  3Q20  Δ 3Q20  Net interest income  274  265  258  6%  Recurring commissions & fees  179  181  168  7%  Transaction-based  191  183  175  9%  Other revenues  (16)  (14)  (7)    Net revenues  628  615  594  6%  Provision for credit losses  (5)  (26)  47    o/w CECL-related  (7)  (47)  (30)    Total operating expenses  319  309  312  2%  Adj. pre-tax income excl. sign. items  314  332  235  34%  Reported pre-tax income  353  466  230  53%  Adj. cost/income ratio excl. sign items  51%  50%  53%    Private Clients Adjusted key financials excl. significant items          in CHF mn  3Q21  2Q21  3Q20  Δ 3Q20  Net interest income  400  399  396  1%  Recurring commissions & fees  227  210  199  14%  Transaction-based  102  109  106  (4)%  Other revenues  (3)  (4)  (1)    Net revenues  726  714  700  4%  Provision for credit losses  9  5  5    o/w CECL-related  1  -  (6)    Total operating expenses  445  449  459  (3)%  Adj. pre-tax income excl. sign. items  272  260  236  15%  Reported pre-tax income  270  259  200  35%  Adj. cost/income ratio excl. sign items  61%  63%  66%   

 Wealth Management businessesNNA generation  4  IWM NNA in CHF bn  -  SUB PC NNA in CHF bn  NNA growth (annualized)  (2)%  3Q21  3Q21  8%  1%  5%  8%  4%  4%  (4)%  4%  2Q21  3Q20  4Q20  1Q21  2Q21  3Q20  4Q20  1Q21  November 4, 2021  (10)%  APAC NNA in USD bn  3Q21  9%  5%  (2)%  4%  2Q21  3Q20  4Q20  1Q21   

   5  November 4, 2021  Wealth Management businessesNet and gross margins  Note: For details on calculations see under ‘Notes’. Unless otherwise stated, all financial numbers presented and discussed are adjusted and exclude significant items. Results excluding items included in our reported results are non-GAAP financial measures. For further details, see the reconciliation of adjustment items in this presentation  204  236  862  688  Average AuM in CHF bn, unless specified  Adjusted pre-tax income excl. significant items in CHF mn, unless specified  Adjusted net revenues excl. significant items in CHF mn, unless specified  836  929  803  236  206  344  347  356  375  700  737  714  260  197  286  206  208  IWM Adj. net margin excl. sign. items in bps  Adj. gross margin excl. sign. items in bps  3Q21  2Q21  4Q20  3Q20  1Q21  3Q21  2Q21  4Q20  3Q20  1Q21  SUB PC Adj. net margin excl. sign. items in bps  Adj. gross margin excl. sign. items in bps  3Q21  2Q21  4Q20  3Q20  1Q21  3Q21  2Q21  4Q20  3Q20  1Q21  197  828  800  1,119  770  222  531  236  245  256  APAC Adj. net margin excl. sign. items in bps  Adj. gross margin excl. sign. items in bps  3Q21  2Q21  4Q20  3Q20  1Q21  3Q21  2Q21  4Q20  3Q20  1Q21  Average AuM in USD bn  Adjusted pre-tax income excl. significant items in USD mn  Adjusted net revenues excl. significant items in USD mn                      812  225  390  795  178  256  214  726  272  218  176  395  206  250 

 6  Corporate Center  Note: Unless otherwise stated, all financial numbers presented and discussed are adjusted. Results excluding items included in our reported results are non-GAAP financial measures. For further details, see the reconciliation of adjustment items in this presentation 1 ‘Other revenues’ primarily include required elimination adjustments associated with trading in own shares, treasury commissions charged to divisions, the cost of certain hedging transactions executed in connection with the Group's RWAs and valuation hedging impacts from long-dated legacy deferred compensation and retirement programs mainly relating to former employees 2 Leverage exposure without the temporary exclusion of central bank reserves permitted by FINMA in 2020   ARU within Corp. Ctr. Key financials         in CHF mn unless otherwise specified  3Q21  2Q21  3Q20  Net revenues  (34)  (43)  (33)  Provision for credit losses  2  -  (2)  Total operating expenses  37  36  37  Pre-tax income / (loss)  (73)  (79)  (68)  Risk-weighted assets in USD bn  7  8  10  RWA excl. operational risk in USD bn  7  7  10  Leverage exposure in USD bn  16  17  21  Corporate Center Key metrics        in CHF bn  3Q21  2Q21  3Q20  Total assets  120  116  118  Risk-weighted assets  55  55  49  Leverage exposure  122  118  1242  Corporate Center Adjusted key financials         in CHF mn  3Q21  2Q21  3Q20  Treasury results  (78)  (141)  (53)  o/w Structured Notes Volatility  (28)  (52)  31  Asset Resolution Unit  (34)  (43)  (33)  Other1  83  68  73  Net revenues  (29)  (116)  (13)  Provision for credit losses  2  -  (1)  Compensation and benefits  101  119  136  G&A expenses  91  64  88  Commission expenses  20  22  19  Total other operating expenses  111  86  107  Total operating expenses  212  205  243  Adjusted pre-tax income / (loss)  (243)  (321)  (255)  Reported pre-tax income / (loss)  (808)  (530)  (389)  November 4, 2021 

 7  November 4, 2021  Oil & Gas / Leveraged Finance exposures  Oil & Gas exposure1in USD bn  Leveraged Finance exposure2in USD bn  1 Oil & Gas net lending exposure in Corporate Bank 2 Represents non-Investment Grade underwriting exposure  6.2  6.2  7.1  3.0Non-IG  4.1IG  8.4  6.7  2.7Non-IG  2.1Non-IG  4.0IG  5.3  3.2IG  10.2  2.0Non-IG  3.1Non-IG  6.9  5.0 

 Currency mix & Group capital metrics  8  Credit Suisse Group resultsAdjusted key financials excluding significant items & Archegos  Applying a +/- 10% movement on the average FX rates for 3Q21 LTM, the sensitivities are:USD/CHF impact on 3Q21 LTM pre-tax income by CHF +587 / (587) mnEUR/CHF impact on 3Q21 LTM pre-tax income by CHF +200 / (200) mn  Sensitivity analysis on Group results2  Currency mix capital metric3  A 10% strengthening / weakening of the USD (vs. CHF) would have a +0.3 bps / (0.3) bps impact on theBIS CET1 ratio      Basel III Risk-weighted assets  Swiss leverage exposure      CHF  EUR  Other                USD      USD  CET1 capital 4    CHF    1 Total expenses include provisions for credit losses 2 Sensitivity analysis based on adjusted financials excluding significant items and Archegos and on weighted average exchange rates of USD/CHF of 0.91 and EUR/CHF of 1.09 for the 3Q21 LTM results 3 Data based on September 2021 month-end currency mix 4 Reflects actual capital positions in consolidated Group legal entities (net assets) including net asset hedges less applicable Basel III regulatory adjustments (e.g. goodwill)   3Q21 LTMin CHF mn  Contribution  Group results      CHF  USD  EUR  GBP  Other  Net revenues 23,495 25% 48% 12% 3% 12%Total expenses1 16,363 32% 33% 5% 11% 19%  Swiss Universal Bank      Net revenues 5,332 80% 9% 7% 2% 2%Total expenses1 3,136 81% 12% 3% 2% 2%  International Wealth Management      Net revenues 3,406 6% 53% 27% 4% 10%Total expenses1 2,455 41% 20% 13% 12% 14%  Asia Pacific      Net revenues 3,198 4% 56% 7% 3% 30%Total expenses1 2,161 12% 19% -% -% 69%  Asset Management      Net revenues 1,574 47% 37% 14% -% 2%Total expenses1 1,121 43% 38% 7% 8% 4%  Investment Bank      Net revenues 9,998 3% 67% 12% 4% 14%Total expenses1 6,576 6% 52% 5% 19% 18%  November 4, 2021 

 9  Reconciliation of adjustment items (1/4)  Results excluding items included in our reported results are non-GAAP financial measures. During the implementation of our strategy, we will measure the progress achieved by our underlying business performance. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation to the most directly comparable US GAAP measures.  November 4, 2021  Group in CHF mn  3Q21  2Q21  3Q20  3Q19  3Q18  3Q17  3Q16  9M21  9M20  9M19  9M18  9M17  9M16  Net revenues reported  5,437  5,103  5,198  5,326  4,888  4,972  5,396  18,114  17,168  16,294  16,119  15,711  15,142  Real estate gains  (4)  (4)  -  -  (15)  -  (346)  (8)  -  (105)  (16)  -  (346)  (Gains)/losses on business sales  42  -  -  -  5  -  -  42  -  -  (68)  (15)  56  Major litigation recovery  -  (49)  -  -  -  -  -  (49)  -  -  -  -  -  Valuation adjustment related to major litigation  69  -  -  -  -  -  -  69  -  -  -  -  -  Net revenues adjusted  5,544  5,050  5,198  5,326  4,878  4,972  5,050  18,168  17,168  16,189  16,035  15,696  14,852  Gain related to InvestLab transfer  -  -  -  (327)  -  -  -  -  (268)  (327)  -  -  -  Gain on equity investment in Allfunds Group  (130)  (317)  -  -  -  -  -  (591)  -  -  -  -  -  Gain on equity investment in Pfandbriefbank  -  -  -  -  -  -  -  -  (134)  -  -  -  -  Impairment on York Capital Management  113  -  -  -  -  -  -  113  -  -  -  -  -  Archegos  (23)  493  -  -  -  -  -  470  -  -  -  -  -  Net revenues adj. excl. sign. items and Archegos  5,504  5,226  5,198  4,999  4,878  4,972  5,050  18,160  16,766  15,862  16,035  15,696  14,852  Provision for credit losses  (144)  (25)  94  72  65  32  55  4,225  958  178  186  167  177  o/w Archegos  188  (70)  -  -  -  -  -  (4,312)  -  -  -  -  -  Total operating expenses reported  4,573  4,315  4,301  4,112  4,152  4,540  5,119  12,825  12,655  12,610  13,156  13,892  15,028  Restructuring expenses  -  (45)  (107)  -  (171)  (112)  (145)  (70)  (107)  -  (490)  (318)  (491)  Major litigation provisions  (495)  (208)  (152)  (28)  (22)  (108)  (306)  (707)  (231)  (63)  (162)  (238)  (306)  Expenses related to real estate disposals  (3)  (4)  (25)  -  -  -  -  (45)  (23)  (51)  -  -  -  Expenses related to business sales  -  -  -  -  (2)  -  -  -  -  -  (3)  -  -  Expenses related to equity investment in Allfunds Group  (1)  (19)  -  -  -  -  -  (20)  -  -  -  -  -  Archegos  24  (31)  -  -  -  -  -  (7)  -  -  -  -  -  Total operating expenses adj. excl. sign. items and Archegos  4,098  4,008  4,017  4,084  3,957  4,320  4,668  11,976  12,294  12,496  12,501  13,336  14,231  Pre-tax income/(loss) reported  1,008  813  803  1,142  671  400  222  1,064  3,555  3,506  2,777  1,652  (63)  Total adjustments, significant items and Archegos  354  500  284  (299)  185  220  105  5,207  (41)  (318)  571  541  507  Pre-tax income/(loss) adj. excl. sign. and Archegos  1,362  1,313  1,087  843  856  620  327  6,271  3,514  3,188  3,348  2,193  444 

 10  Reconciliation of adjustment items (2/4)  Results excluding items included in our reported results are non-GAAP financial measures. During the implementation of our strategy, we will measure the progress achieved by our underlying business performance. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation to the most directly comparable US GAAP measures.  November 4, 2021    SUB in CHF mn        SUB PC in CHF mn          SUB C&IC in CHF mn      IWM in CHF mn          APAC in USD mn          APAC in CHF mn        3Q21  2Q21  3Q20  9M21  3Q21  2Q21  1Q21  4Q20  3Q20  3Q21  2Q21  3Q20  3Q21  2Q21  1Q21  4Q20  3Q20  3Q21  2Q21  1Q21  4Q20  3Q20  3Q21  2Q21  3Q20  Net revenues reported  1,391  1,477  1,294  4,317  724  718  737  750  700  667  759  594  829  930  987  974  836  837  874  1,166  871  800  771  798  728  Real estate gains  (4)  (4)  -  (8)  (4)  (4)  -  (15)  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  (Gains)/losses on business sales  6  -  -  6  6  -  -  -  -  -  -  -  35  -  -  -  -  -  -  -  -  -  -  -  -  Major litigation recovery  -  (49)  -  (49)  -  -  -  -  -  -  (49)  -  -  -  -  -  -  -  -  -  -  -  -  -  -  Net revenues adjusted  1,393  1,424  1,294  4,266  726  714  737  735  700  667  710  594  864  930  987  974  836  837  874  1,166  871  800  771  798  728  Gain related to InvestLab transfer  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  Gain on equity investment in Allfunds Group  (39)  (95)  -  (177)  -  -  -  -  -  (39)  (95)  -  (52)  (127)  (58)  (51)  -  (42)  (104)  (47)  (43)  -  (39)  (95)  -  Gain on equity investment in SIX Group AG  -  -  -  -  -  -  -  (47)  -  -  -  -  -  -  -  (61)  -  -  -  -  -  -  -  -  -  Gain on equity investment in Pfandbriefbank  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  Impairment on York Capital Management  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  Net revenues adj. excl. significant items  1,354  1,329  1,294  4,089  726  714  737  688  700  628  615  594  812  803  929  862  836  795  770  1,119  828  800  732  703  728  Provision for credit losses  4  (21)  52  9  9  5  5  17  5  (5)  (26)  47  12  (25)  -  31  8  7  6  30  7  49  7  6  45  Total operating expenses reported  764  773  812  2,295  445  454  451  476  495  319  319  317  624  615  579  650  631  583  595  559  600  557  536  542  506  Restructuring expenses  -  (5)  (41)  (14)  -  (1)  (5)  1  (36)  -  (4)  (5)  -  (5)  -  (21)  (16)  -  (3)  (1)  (1)  (3)  -  (3)  (2)  Major litigation provisions  -  -  -  -  -  -  -  -  -  -  -  -  -  -  11  (1)  (20)  -  -  -  -  -  -  -  -  Expenses related to real estate disposals  -  (4)  -  (4)  -  (4)  -  (3)  -  -  -  -  -  -  (5)  (3)  (3)  -  -  -  -  -  -  -  -  Expenses related to business sales  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  -  Expenses related to equity investment in Allfunds Group  -  (6)  -  (6)  -  -  -  -  -  -  (6)  -  -  (7)  -  -  -  (1)  (6)  -  -  -  (1)  (6)  -  Total operating expenses adj. excl. sign. items  764  758  771  2,271  445  449  446  474  459  319  309  312  624  603  585  625  592  582  586  558  599  554  535  533  504  Pre-tax income/(loss) reported  623  725  430  2,013  270  259  281  257  200  353  466  230  193  340  408  293  197  247  273  577  264  194  228  250  177  Total adjustments and significant items  (37)  (133)  41  (204)  2  1  5  (60)  36  (39)  (134)  5  (17)  (115)  (64)  (87)  39  (41)  (95)  (46)  (42)  3  (38)  (86)  2  Pre-tax income/(loss) adj. excl. sign. items  586  592  471  1,809  272  260  286  197  236  314  332  235  176  225  344  206  236  206  178  531  222  197  190  164  179 

 11  Reconciliation of adjustment items (3/4)  Results excluding items included in our reported results are non-GAAP financial measures. During the implementation of our strategy, we will measure the progress achieved by our underlying business performance. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation to the most directly comparable US GAAP measures.  November 4, 2021  WM-related in CHF mn  3Q21  2Q21  3Q20  9M21  9M20  Net revenues reported  3,270  3,609  3,164  10,761  10,478  Real estate gains  (4)  (4)  -  (8)  -  (Gains)/losses on business sales  41  -  -  41  -  Major litigation recovery  -  (49)  -  (49)  -  Net revenues adjusted  3,307  3,556  3,164  10,745  10,478  Gain related to InvestLab transfer  -  -  -  -  (268)  Gain on equity investment in Allfunds Group  (130)  (317)  -  (591)  -  Gain on equity investment in SIX Group AG  -  -  -  -  -  Gain on equity investment in Pfandbriefbank  -  -  -  -  (134)  Impairment on York Capital Management  113  -  -  113  -  Net revenues adj. excl. significant items  3,290  3,239  3,164  10,267  10,076  IB in USD mn  3Q21  2Q21  3Q20  Net revenues reported  2,465  1,761  2,245  Archegos  (24)  542  -  Net revenues adj. excl. Archegos  2,441  2,303  2,245  Provision for credit losses  (182)  16  (16)  o/w Archegos  202  (77)  -  Total operating expenses reported  1,815  1,831  1,856  Restructuring expenses  -  (33)  (36)  Expenses related to real estate disposals  (2)  (1)  (23)  Archegos  26  (34)  -  Total operating expenses adj. excl. Archegos  1,839  1,763  1,797  Pre-tax income/(loss) reported  832  (86)  405  Total adjustments and significant items  (250)  687  59  Pre-tax income/(loss) adj. excl. Archegos  582  601  464  CC in CHF mn  3Q21  2Q21  3Q20  Net revenues reported  (99)  (116)  (13)  (Gains)/losses on business sales  1  -  -  Valuation adjustment related to major litigation   69  -  -  Net revenues adjusted  (29)  (116)  (13)  Provision for credit losses  2  -  (1)  Total operating expenses reported  707  414  377  Restructuring expenses  -  (1)  (2)  Major litigation provisions  (495)  (208)  (132)  Expenses related to real estate disposals  -  -  -  Total operating expenses adjusted  212  205  243  Pre-tax income/(loss) reported  (808)  (530)  (389)  Total adjustments and significant items  565  209  134  Pre-tax income/(loss) adjusted  (243)  (321)  (255)  AM in CHF mn  3Q21  2Q21  3Q20  Net revenues reported  279  404  306  Impairment on York Capital Management  113  -  -  Net revenues adj. excl. significant items  392  404  306  Provision for credit losses  1  1  4  Total operating expenses reported  276  299  284  Restructuring expenses  -  (2)  (13)  Expenses related to real estate disposals  -  -  (1)  Total operating expenses adj. excl. sign. items  276  297  270  Pre-tax income/(loss) reported  2  104  18  Total adjustments and significant items  113  2  14  Pre-tax income/(loss) adj. excl. sign. items  115  106  32 

 12  Reconciliation of adjustment items (4/4)  Results excluding items included in our reported results are non-GAAP financial measures. During the implementation of our strategy, we will measure the progress achieved by our underlying business performance. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation to the most directly comparable US GAAP measures.  November 4, 2021  3Q21 LTM in CHF mn  Group  SUB  IWM  APAC  IB  AM  Net revenues reported  23,335  5,710  3,720  3,413  9,528  1,047  Real estate gains  (23)  (23)  -  -  -  -  (Gains)/losses on business sales  42  6  35  -  -  -  Major litigation recovery  (49)  (49)  -  -  -  -  Valuation adjustment related to a major litigation  69  -  -  -  -  -  Gain on equity investment in Allfunds Group  (718)  (215)  (288)  (215)  -  -  Gain on equity investment in SIX Group AG  (158)  (97)  (61)  -  -  -  Impairment on York Capital Management  527  -  -  -  -  527  Archegos  470  -  -  -  470  -  Net revenues adj. excl. sign. items and Archegos  23,495  5,332  3,406  3,198  9,998  1,574  Provision for credit losses  4,363  75  18  46  4,232  (4)  Archegos  (4,312)  -  -  -  (4,312)  -  Total operating expenses reported  17,996  3,135  2,468  2,128  6,779  1,135  Restructuring expenses  (120)  (17)  (26)  (6)  (60)  (8)  Major litigation provisions  (1,464)  (44)  10  -  -  -  Expenses related to real estate disposals  (73)  (7)  (8)  -  (56)  (2)  Expenses related to business sales  -  -  -  -  -  -  Expenses related to equity investment in Allfunds Group  (20)  (6)  (7)  (7)  -  -  Archegos  (7)  -  -  -  (7)  -  Total operating expenses adj. excl. sign. items and Archegos  16,312  3,061  2,437  2,115  6,656  1,125 

 Notes  13  November 4, 2021  General notesThroughout this presentation and the 3Q21 Results presentation rounding differences may occurUnless otherwise noted, all CET1 capital, CET1 ratio, Tier 1 leverage ratio, risk-weighted assets and leverage exposure figures shown in these presentations are as of the end of the respective period and, for periods prior to 2019, on a “look-through” basisGross and net margins are shown in basis pointsGross margin = net revenues annualized / average AuM; net margin = pre-tax income annualized / average AuM. Net margin excluding certain significant items, as disclosed herein, is calculated excluding those items applying the same methodologyMandates reflect advisory and discretionary mandate volumesMandate penetration reflects advisory and discretionary mandate volumes as a percentage of AuM, excluding those from the external asset manager businessUnless otherwise noted, FX impact is calculated by converting the CHF amount of net revenues, provision for credit losses and operating expenses for 2021 back to the original currency on a monthly basis at the respective spot FX rate. The respective amounts are then converted back to CHF applying the average 2020 FX rate from the period against which the FX impact is measured. Average FX rates apply a straight line average of monthly FX rates for major currenciesWealth Management businesses include SUB PC, IWM and APAC and related figures refer to their combined resultsWealth Management-related businesses include SUB, IWM, APAC and AM and related figures refer to their combined resultsClient Business Volume includes assets under management, custody assets and net loansCustody assets includes assets under custody and commercial assetsGreensill refers to Greensill Capital (UK) Ltd. or one of its affiliates Specific notes† Beginning in 3Q21, the return on regulatory capital calculation has been updated to closer align with the actual capital and leverage ratio levels under which Credit Suisse operates, rather than the previously used minimum requirements set by regulators. Regulatory capital is calculated as the average of 13.5% of RWA and 4.25% of leverage exposure and return on regulatory capital, a non-GAAP financial measure, is calculated using income/(loss) after tax and assumes a tax rate of 30% for periods prior to 2020 and 25% from 2020 onward. Prior periods have been restated. For the Investment Bank, return on regulatory capital is based on US dollar denominated numbers. Return on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology.‡ Return on tangible equity, a non-GAAP financial measure, is calculated as annualized net income attributable to shareholders divided by average tangible shareholders’ equity. Tangible shareholders’ equity, a non-GAAP financial measure, is calculated by deducting goodwill and other intangible assets from total shareholders’ equity as presented in our balance sheet. Tangible book value, a non-GAAP financial measure, is equal to tangible shareholders’ equity. Tangible book value per share, a non-GAAP financial measure, is calculated by dividing tangible shareholders' equity by total number of shares outstanding. Management believes that tangible shareholders’ equity/tangible book value, return on tangible equity and tangible book value per share are meaningful as they are measures used and relied upon by industry analysts and investors to assess valuations and capital adequacy.For end-3Q20, tangible shareholders’ equity excluded goodwill of CHF 4,577 mn and other intangible assets of CHF 256 mn from total shareholders’ equity of CHF 45,740 mn as presented in our balance sheet. For end-2Q21, tangible shareholders’ equity excluded goodwill of CHF 4,588 mn and other intangible assets of CHF 245 mn from total shareholders’ equity of CHF 43,580 mn as presented in our balance sheet.For end-3Q21, tangible shareholders’ equity excluded goodwill of CHF 4,615 mn and other intangible assets of CHF 234 mn from total shareholders’ equity of CHF 44,498 mn as presented in our balance sheet.AbbreviationsACL = Allowance for credit losses; Adj. = Adjusted; AM = Asset Management; APAC = Asia Pacific; AuM = Assets under Management; bps = basis points; C&IC = Corporate & Institutional Clients; CC = Corporate Center; CECL = Current Expected Credit Losses; CET1 = Common Equity Tier 1; Corp. = Corporate; Ctr. = Center; ECM = Equity Capital Markets; excl. = excluding; FINMA = Swiss Financial Market Supervisory Authority; FX = Foreign Exchange; GAAP = Generally Accepted Accounting Principles; GTS = Global Trading Solutions; HQLA = High Quality Liquid Assets; IB = Investment Bank; IWM = International Wealth Management; LE = Leverage exposure; LTM = Last twelve months; M&A = Mergers & Acquisitions; NAB = Neue Aargauer Bank; NAV = Net asset value; NNA = Net New Assets; PC = Private Clients; pp. = percentage points; prov. = provisions; PTI = Pre-tax income; QoQ = Quarter on Quarter; rev. = revenues; RM = Relationship Manager; RoRC = Return on Regulatory Capital; RWA = Risk-weighted assets; SCFF = Supply Chain Finance Funds; sign. = significant; SUB = Swiss Universal Bank; vs. = versus; WM = Wealth Management; YoY = Year on year 

 November 4, 2021  14   

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.

CREDIT SUISSE GROUP AG and CREDIT SUISSE AG

 (Registrants)

Date: November 4, 2021

By:

/s/ Thomas Gottstein                                 /s/ David R. Mathers

      Thomas Gottstein                                       David R. Mathers

      Chief Executive Officer                               Chief Financial Officer