Issuer:	Credit Suisse AG (“Credit Suisse”), acting through its London branch
Agent:	Wells Fargo Securities, LLC
Market Measure:	Nasdaq-100 Index^® (the “Index”)
Pricing Date*:	August 19, 2022
Issue Date*:	August 24, 2022
Face Amount and Original Offering Price:	$1,000 per security
Automatic Call:	If the closing level of the Index on any call date is greater than or equal to the starting level, the securities will be automatically called for the face amount plus the call premium applicable to that call date.

Call Dates* and Call	Call Date	Call Premium†
Premiums:	August 24, 2023	At least 10.40% of the face amount
	February 26, 2024	At least 15.60% of the face amount
	August 26, 2024	At least 20.80% of the face amount
	February 24, 2025	At least 26.00% of the face amount
	August 25, 2025	At least 31.20% of the face amount
	February 24, 2026	At least 36.40% of the face amount
	August 24, 2026	At least 41.60% of the face amount
	February 24, 2027	At least 46.80% of the face amount
	August 17, 2027 (the “final calculation day”)	At least 52.00% of the face amount

	† to be determined on the pricing date.
Maturity Payment Amount (per security):	If the securities are not automatically called, the “maturity payment amount” will equal: · if the ending level is less than the starting level but greater than or equal to the threshold level: $1,000; or · if the ending level is less than the threshold level: $1,000 + [$1,000 × (index return + buffer amount)]
Stated Maturity Date*:	August 24, 2027
Call Settlement Date*:	Five business days after the applicable call date (if the securities are called on the last call date, the call settlement date will be the stated maturity date).
Starting Level:	The closing level of the Index on the pricing date
Ending Level:	The closing level of the Index on the final calculation day
Index Return:	(ending level – starting level) / starting level
Threshold Level:	90% of the starting level
Buffer Amount:	10%
Calculation Agent:	Credit Suisse International
Denominations:	$1,000 and any integral multiple of $1,000

* subject to change

Fees:	Wells Fargo Securities, LLC (“WFS”) will act as agent for the securities and will receive an agent discount of up to $28.25 per security. The agent may resell the securities to other securities dealers at the original offering price of the securities less a concession not in excess of $17.50 per security. Such securities dealers may include those using the trade name Wells Fargo Advisors (“WFA”). In addition to the concession allowed to WFA, WFS may pay $0.75 per security of the agent’s discount to WFA as a distribution expense fee for each security sold by WFA. In addition, Credit Suisse may pay a fee of up to $5.00 per security to selected securities dealers in consideration for marketing and other services in connection with the distribution of the securities to other securities dealers.
CUSIP:	22553QH75
Material Tax Consequences:	See the preliminary pricing supplement

Hypothetical Payout Profile**

**assumes a call premium equal to the lowest possible call premium that may be determined on the pricing date.

If the securities are not automatically called and the ending level is less than the threshold level, you will have 1-to-1 downside exposure to the decrease in the level of the Index in excess of the buffer amount and will lose some, and possibly up to 90%, of the face amount of your securities at maturity.

Any positive return on the securities will be limited to the applicable call premium, even if the closing level on the applicable call date significantly exceeds the starting level. You will not participate in any appreciation of the Index beyond the applicable call premium.

Credit Suisse currently estimates the value of each $1,000 face amount of the securities on the pricing date will be between $940.00 and $970.00 (as determined by reference to our pricing models and the rate we are currently paying to borrow funds through issuance of the securities (our internal funding rate)). This range of estimated values reflects terms that are not yet fixed. A single estimated value reflecting final terms will be determined on the pricing date. See “Investment Description” and “Selected Risk Considerations” in the accompanying preliminary pricing supplement.

Preliminary Pricing Supplement: https://www.sec.gov/Archives/edgar/data/1053092/
000095010322014122/dp178711_424b2-k2157.htm

The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Selected Risk Considerations” in this term sheet and the accompanying preliminary pricing supplement and “Risk Factors” in the accompanying product supplement.

This introductory term sheet does not provide all of the information that an investor should consider prior to making an investment decision.

Investors should carefully review the accompanying preliminary pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus before making a decision to invest in the securities.

NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY

The risks set forth below are discussed in detail in the “Selected Risk Considerations” section in the accompanying preliminary pricing supplement. Please review those risk disclosures carefully.

Credit Suisse has filed a registration statement (including preliminary pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this offering summary relates. Before you invest, you should read this summary together with the Preliminary Pricing Supplement dated August 17, 2022, Underlying Supplement dated June 18, 2020, Product Supplement No. WF–I dated July 27, 2022 and Prospectus Supplement and Prospectus dated June 18, 2020, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. If the terms described in the applicable preliminary pricing supplement are inconsistent with those described herein, the terms described in the applicable preliminary pricing supplement will control. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse, any agent or any dealer participating in this offering will arrange to send you the preliminary pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus if you so request by calling toll-free 1-800-221-1037.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo Finance LLC and Wells Fargo & Company.