Filed Pursuant to Rule 433

Registration Statement No. 333-158199-10

November 21, 2011

Pricing Sheet No. K153 (BAH 1175)
To the Underlying Supplement dated June 24, 2010,

Product Supplement No. AK-I dated November 25, 2009,

Prospectus Supplement dated March 25, 2009 and

Prospectus dated March 25, 2009

  $2,180,000
Buffered Accelerated Return Equity Securities due November 25, 2014 Linked to the S&P 500^® Index and iShares MSCI EAFE Index Fund

Issuer:	Credit Suisse AG (“Credit Suisse”), acting through its Nassau Branch
Principal Amount:	USD $2,180,000
Reference Basket:	Underlying	Ticker	Initial Level	Weighting
	S&P 500® Index	SPX <Index>	1192.98	80%
	iShares MSCI EAFE Index Fund	EFA UP <Equity>	48.15	20%
Trade Date:	November 21, 2011
Issue Date:	Expected to be November 25, 2011
Valuation Date*:	November 20, 2014
Maturity Date*:	November 25, 2014
Offering Price:	$1,000 per security (100%)
Redemption Amount:	You will be entitled to receive a Redemption Amount in cash at maturity that will equal the principal amount of the securities you hold multiplied by the sum of 1 plus the Underlying Return, calculated as set forth below.  Any payment on the securities is subject to our ability to pay our obligations as they become due.
Basket Return:	o   If the Final Basket Level is greater than or equal to the Initial Basket Level, the Basket Return will be calculated as follows: Upside Participation Rate * [(Final Basket Level – Initial Basket Level) / Initial Basket Level] o   If the Final Basket Level is less than the Initial Basket Level by not more than the Buffer Amount, the Basket Return will equal zero. o   If the Final Basket Level is less than the Initial Basket Level by more than the Buffer Amount, the Basket Return will be calculated as follows: [(Final Basket Level – Initial Basket Level) / Initial Basket Level] + Buffer Amount If the Final Basket Level is less than the Initial Basket Level by more than the Buffer Amount, the Basket Return will be negative and you will receive less than the principal amount of your securities at maturity.
Initial Level:	For each Underlying, as set forth in the table above.
Final Level:	For each Underlying, the closing level of the Underlying on the Valuation Date.
Initial Basket Level:	1.0
Final Basket Level:	The sum of, for each Underlying, the product of the Final Level divided by the Initial Level, times the respective weightings.
Upside Participation Rate:	1.015
Buffer Amount:	20%
Calculation Agent:	Credit Suisse International
Selling Commission:	2.25%
Form and Denomination:	Registered medium-term notes in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof.
Listing:	The securities will not be listed on any securities exchange.
CUSIP and ISIN:	22546THL8 and US22546THL89

* The Valuation Date is subject to postponement if such dates is not an underlying business day or as a result of a market disruption event and the Maturity Date is subject to postponement if such date is not a business day or if the Valuation Date is postponed, in each case as described in the accompanying product supplement under “Description of the Securities—Market disruption events.”

Credit Suisse has filed a registration statement (including underlying supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read this communication together with the Underlying Supplement dated June 24, 2010, Product Supplement No. AK-I dated November 25, 2009, Prospectus Supplement dated March 25, 2009 and Prospectus dated March 25, 2009, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. You should, in particular, review the “Risk Factors” section of the product supplement, which sets forth a number of risks related to the securities. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse will arrange to send you the underlying supplement, product supplement, prospectus supplement and prospectus if you so request by calling toll free 1-800-221-1037.