Filed pursuant to Rule 433

Registration Statement No. 333-180300-03

FINANCIAL PRODUCTS

FACT SHEET (U827)

 

Offering Period: March 29, 2013—April 26, 2013
18 month Callable Yield Notes Linked to the Russell 2000 ® Index and
the iShares FTSE/Xinhua China 25 Index Fund

Return Profile

• 18 month Callable Yield Notes linked to the performance of the Russell 2000 ® Index and the iShares FTSE/Xinhua China 25 Index Fund.
• Interest payments will be paid monthly in arrears at a rate expected to be between 7.50% - 8.00% per annum, calculated on a 30/360 basis, subject to Early Redemption.
• If a Knock-In Event does not occur, the investor will be entitled to receive their principal amount at maturity.
• If a Knock-In Event occurs, the payment at maturity will be determined by the Underlying Return of the Lowest Performing Underlying.
• Any payment on the securities is subject to our ability to pay our obligations as they become due.

Terms & Knock-In Event

Issuer: Credit Suisse AG ("Credit Suisse"), Nassau Branch.
Trade Date: Expected to be April 29, 2013.
Settlement Date: Expected to be May 2, 2013.
Underlyings: The Russell 2000 ® Index and the iShares FTSE/Xinhua China 25 Index Fund.
Interest Rate: Expected to be between 7.50% - 8.00% per annum, calculated on a 30/360 basis (to be determined on the Trade Date).
Interest Payment Dates: June 3, 2013, July 2, 2013, August 2, 2013, September 3, 2013, October 2, 2013, November 4, 2013, December 2, 2013, January 2, 2014, February 3, 2014, March 3, 2014, April 2, 2014, May 2, 2014, June 2, 2014, July 2, 2014, August 4, 2014, September 2, 2014, October 2, 2014 and the Maturity Date, unless redeemed earlier.
Early Redemption: Prior to the Maturity Date, the Issuer may redeem the securities on any Interest Payment Date scheduled to occur on or after June 3, 2013 upon notice on or before the relevant Early Redemption Notice Date at 100% of the principal amount plus accrued but unpaid interest.
Early Redemption Notice
Dates: 		May 29, 2013, June 27, 2013, July 30, 2013, August 28, 2013, September 27, 2013, October 30, 2013, November 26, 2013, December 27, 2013, January 29, 2014, February 26, 2014, March 28, 2014, April 29, 2014, May 28, 2014, June 27, 2014, July 30, 2014, August 27, 2014, or September 29, 2014, as applicable.
Knock In Level: For each Underlying, approximately 70% of the Initial Level for such Underlying (to be determined on the Trade Date).
Knock In Event: A Knock In Event occurs if, on any trading day during the Observation Period, the closing level of either Underlying is equal to or less than its Knock In Level.
Initial Level: For each Underlying, the closing level of such Underlying on the Trade Date.
Final Level: For each Underlying, the closing level of such Underlying on the Valuation Date.
Redemption Amount: Subject to Early Redemption, for each $1,000 principal amount of securities (a) if a Knock-In Event occurs, $1,000 x (1 + the Underlying Return of the Lowest Performing Underlying); (b) if a Knock In Event does not occur, $1,000.
Lowest Performing
Underlying: 		The Underlying with the lowest Underlying Return.
Underlying Return: For each Underlying, calculated as follows: (Final Level – Initial Level)/Initial Level; subject to a maximum of zero.
Observation Period: The period from but excluding the Trade Date to and including the Valuation Date.
Valuation Date: October 29, 2014
Maturity Date: November 3, 2014
CUSIP: 22546T4U2

 

Benefits

• Offers above market interest payment versus ordinary fixed income investments, subject to Early Redemption.
• Reduced downside risk due to a 30.00% contingent buffer.

Hypothetical Returns at Maturity

Percentage Underlying Redemption Redemption
Change Return of Amount per Amount per
from the the Lowest $1,000 $1,000
Initial Level Performing Principal Principal
to the Underlying Amount Amount
Final Level   (Knock In (Knock In
of the   Event Event
Lowest   Does Not Occurs) (1)(2)
Performing   Occur) (1)(2)  
Underlying      
50% 0% $1,000 $1,000
40% 0% $1,000 $1,000
30% 0% $1,000 $1,000
20% 0% $1,000 $1,000
10% 0% $1,000 $1,000
0% 0% $1,000 $1,000
10% 10% $1,000 $900
20% 20% $1,000 $800
30% 30% N/A $700
40% 40% N/A $600
50% 50% N/A $500
(1) Does not include any expected interest payments on the securities.
(2) The hypothetical Redemption Amounts set forth above are for illustrative purposes only and may not be the actual returns applicable to the investor. The numbers appearing in the table have been rounded for ease of analysis.

Product Risks

• Investment may result in a loss of up to 100% of principal.
• The value of the securities and the payment of any amount due on the securities are subject to the credit risk of Credit Suisse.
• The securities will not pay more than the principal amount, plus accrued and unpaid interest, at maturity or upon Early Redemption.
• The Redemption Amount will be less than the principal amount even if only one Underlying causes a Knock In Event and the Final Level of only one Underlying is below its Initial Level.
• If a Knock In Event occurs and the Final Level of the Lowest Performing Underlying is less than its Initial Level, the return will be based on the Lowest Performing Underlying.
• The securities are subject to Early Redemption, which may limit an investor’s ability to accrue interest over the full term of the securities.

(See "Additional Risk Considerations" on the next page.)


 

 

Product Summary

Horizon (months) 18 months
Principal Repayment Principal at Risk
Investment Objective Income
Market Outlook Neutral