Exhibit 15.3

Exhibit 15.3Securities and Exchange Commission100 F Street, N.E.Washington, DC 20549United States of America Zurich, March 25, 2020Ladies and Gentlemen:We have read Item 16F of Form 20-F dated March 25, 2020, of Credit Suisse Group AG and its subsidiaries (the “Group”) and Credit Suisse AG and its subsidiaries (the “Bank”) and are in agreement with the statements contained in the second and fifth paragraphs on pages 12 - 13 therein. We are not in a position to agree or disagree with other statements contained therein.Sincerely yoursKPMG AGNicholas EdmondsShaun KendriganLicensed Audit ExpertLicensed Audit ExpertAuditor in ChargeGlobal Audit Partner