$14,143,260 Auto-Callable Contingent Income Securities All Payments on the Securities Subject to the Coupon Barrier and Downside Threshold Features Based on the Performance of the Common Stock of The Boeing Company due November 04, 2022, priced on November 01, 2019, were issued by Credit Suisse AG. The pricing supplement for this note (CUSIP: 22550K517) can be found here.

The notes had a $10 face value and paid a quarterly coupon of $0.25, so long as the notes had not been called and and Boeing all closed above 65% of their November 01, 2019 closing prices on a determination date. If and Boeing closed below 65% of their November 01, 2019 closing prices on a determination date, the notes did not pay a coupon.

If not previously called, at maturity, the notes returned $10 in principal if and Boeing all closed on the final determination date on November 01, 2022 and above 65% of their November 01, 2019 closing prices. If on November 01, 2022 and Boeing closed below 65% of their November 01, 2019 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Boeing November 01, 2022 closing prices to their November 01, 2019 closing prices.

The notes have matured. They paid two coupons totaling $0.75 and $4.90 repayment per $10 note. Investors thus suffered capital losses of $5.10 and net losses of $4.35.^† In the aggregate, investors in this note suffered $7,216,058 in capital losses and $6,155,313 in net losses. See Table 1 and Figure 1.

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† SLCG estimated these losses based on publicly available information. The issuer ultimately determines the amounts paid which may differ from our estimates. Our reference to capital loss and net loss does not imply SLCG's view of how these losses are treated for tax purposes.

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