$8,384,610 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 Class A Common Stock of Zoom Video Communications, Inc. due November 02, 2023, priced on October 30, 2020, were issued by Credit Suisse AG. The pricing supplement for this note (CUSIP: 22550X741) can be found here.

The notes had a $10 face value and paid a quarterly coupon of $0.50, so long as the notes had not been called and and Zoom all closed above 55% of their October 30, 2020 closing prices on a determination date. If and Zoom closed below 55% of their October 30, 2020 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 Zoom all closed on the final determination date on October 30, 2023 and above 55% of their October 30, 2020 closing prices. If on October 30, 2023 and Zoom closed below 55% of their October 30, 2020 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Zoom October 30, 2023 closing prices to their October 30, 2020 closing prices.

The notes have matured. They paid two coupons totaling $2.00 and $1.59 repayment per $10 note. Investors thus suffered capital losses of $8.41 and net losses of $6.41.^† In the aggregate, investors in this note suffered $7,050,269 in capital losses and $5,373,347 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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