Filed pursuant to Rule 433

Registration Statement No. 333-180300-03

FINANCIAL PRODUCTS

FACT SHEET (K341)

 
 

Offering Period: August 19, 2013 – September 9, 2013
3.5 Year Buffered Accelerated Return Equity Securities (BARES)
Linked to the S&P 500 ® Index

Product Summary

3.5 year Buffered Accelerated Return Equity Securities (BARES) linked to the performance of the S&P 500 ® Index.
If the Final Level is less than the Initial Level by not more than the Buffer Amount, then the investor will be entitled to receive the principal amount at maturity.
If the Final Level is less than the Initial Level by more than the Buffer Amount, then the principal amount the investor will be entitled to receive will decrease 1% for every 1% decline in the Underlying beyond the Buffer Amount.
If the Final Level is equal to or greater than the Initial Level, then the investor will be entitled to participate in the appreciation of the Underlying.
Any payment on the securities is subject to our ability to pay our obligations as they become due.
Credit Suisse currently estimates the value of the securities on the Trade Date will be less than the price you pay for the securities, reflecting the deduction of underwriting discounts and commissions and other costs of creating and marketing the securities.

Terms

Issuer: Credit Suisse AG (“Credit Suisse”), acting through one of its branches.
Trade Date: Expected to be September 10, 2013
Settlement Date: Expected to be September 13, 2013
Underlying: The S&P 500 ® Index.
Redemption Amount: An amount in cash equal to the principal amount of the securities held multiplied by the sum of 1 plus the Underlying Return.
Underlying Return: If (a) the Final Level is equal to or greater than the Initial Level, then: [(Final Level – Initial Level) / Initial Level]; (b) the Final Level is less than the Initial Level by not more than the Buffer Amount, then: zero; or (c) if the Final Level is less than the Initial Level by more than the Buffer Amount, then: [(Final Level – Initial Level) / Initial Level] + Buffer Amount.
Buffer Amount: Expected to be between 15.0% and 20.0% (to be determined on the Trade Date).
Initial Level: The closing level of the Underlying on the Trade Date.
Final Level: The closing level of the Underlying on the Valuation Date.
Valuation Date: March 8, 2017
Maturity Date: March 13, 2017
CUSIP: 22547QA89

Benefits

Offers the potential for participation in the appreciation of the Underlying, uncapped.
Reduced downside risk due to a Buffer Amount of [15.0-20.0]% (to be determined on the Trade Date).

Hypothetical Returns at Maturity

Percentage Change
from Initial Level to
Final Level
Underlying
Return (1)(2)
Redemption Amount
per $1,000 Principal
Amount (1)(2)
50% 50.0% $1,500
40% 40.0% $1,400
30% 30.0% $1,300
20% 20.0% $1,200
10% 10.0% $1,100
0% 0.0% $1,000
-10% 0.0% $1,000
-17.5% 0.0% $1,000
-20% -2.5% $975
-30% -12.5% $875
-40% -22.5% $775
(1) Assumes a buffer of 17.5% (the midpoint of the expected range) (to be determined on Trade Date).
(2) The hypothetical Redemption Amounts set forth above are for illustrative purposes only and may not be the actual returns applicable to the investor. The numbers appearing in the table have been rounded for ease of analysis.

Product Risks

Investment may result in a loss of up to [80.0-85.0]% of principal (to be determined on the Trade Date) and the Redemption Amount will be less than the principal amount if the Final Level is less than the Initial Level by more than the Buffer Amount.
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 do not pay interest.
(See “Additional Risk Considerations” on the next page.)

Product Profile

Horizon (months) 3.5 Years
Principal Repayment Principal at Risk
Investment Objective Appreciation
Market Outlook Bullish