Credit Suisse AG (SLVO) 6-K, filed Aug 6, 2021

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUERPURSUANT TO RULE 13a-16 OR 15d-16UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August, 2021

Commission File Number 001-33434

CREDIT SUISSE AG

(Translation of Registrant’s Name Into English)

Paradeplatz 8, CH-8001 Zurich, Switzerland

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or <br><br>Form 40-F.
Form 20-F ☒ Form<br>40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Explanatory note

This report on Form 6-K contains the exhibit set forth below. This report on Form 6-K and such exhibit are hereby incorporated by reference into Registration Statement No. 333-238458-02 of Credit Suisse AG.

Exhibit 99.1: Press release of Credit Suisse AG dated August 6, 2021.

*** * * Pursuant to the requirements of the SecuritiesExchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.| | CREDIT SUISSE AG | | || --- | --- | --- | --- || Date: August 6, 2021 | By: | /s/ Elaine Sam | || | | Name: | Elaine Sam || | | Title: | Authorized Officer || | By: | /s/ Praju Doshi | || | | Name: | Praju Doshi || | | Title: | Authorized Officer | Exhibit 99.1| CREDIT SUISSE AG | || --- | --- || Eleven Madison Avenue New York, NY 10010 | Telephone +1 212-325-2000 Fax +1 212-325-7924 || Media Release August 6, 2021 | | | | | | | | || --- | --- | --- | --- | --- | --- | --- | --- | --- || Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links^®^ Exchange Traded Notes (the “ETNs”) | | | | | | | | || On August 2, 2021, Credit Suisse declared coupon payments for the following ETNs: | | | | | | | | || ETN Ticker | ETN Name | Closing Indicative Value on 7/30/21 | Ex-Date | Record Date | Payment Date | Coupon Amount per ETN | Coupon Frequency | Current Yield^1^ || REML | Credit Suisse X-Links^®^Monthly Pay 2xLeveraged Mortgage REIT ETN | $ 6.9009 | 8/11/21 | 8/12/21 | 8/20/21 | $0.0567 | Monthly | 16.93%^2^ |On August 6, 2021, Credit Suisseannounced expected coupon payments for the following ETNs:| ETN Ticker | ETN Name | Closing Indicative Value on 7/30/21 | Ex-Date | Record Date | Payment Date | Expected Coupon Amount per ETN^3^ | Coupon Frequency | Expected Current Yield^4^ || --- | --- | --- | --- | --- | --- | --- | --- | --- || USOI | Credit Suisse X-Links^®^Crude Oil Shares Covered Call ETN | $ 5.3768 | 8/19/21 | 8/20/21 | 8/25/21 | $0.0682 | Monthly | 14.54%^5^ || GLDI | Credit Suisse X-Links^®^Gold Shares Covered Call ETN | $ 8.7389 | 8/19/21 | 8/20/21 | 8/25/21 | $0.0773 | Monthly | 7.87%^5^ || SLVO | Credit Suisse X-Links^®^Silver Shares Covered Call ETN | $ 5.8495 | 8/19/21 | 8/20/21 | 8/25/21 | $0.0504 | Monthly | 19.25%^5^ |1. Foreach ETN, the Current Yield equals the Coupon Amount, annualized and divided by the Closing Indicative Value, as discussed in more detailbelow. The Current Yield, which is based on an ETN’s Coupon Amount and its two most recent coupon payments, is not indicative offuture coupon payments, if any, on the ETNs. In particular, future coupon payments on an ETN may differ significantly from its CurrentYield, if its Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteed any coupon payment or distributionunder the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The CouponAmount for any ETN may vary significantly from coupon period to coupon period and may be zero. Accordingly, the Current Yield will changeover time, and such change may be significant. Any payment on the ETNs is subject to Credit Suisse’s ability to pay its obligationsas they become due. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement. | Media Release || --- || August 6, 2021 Page 2/3 |2. TheCurrent Yield for the ETN equals the sum of (i) the Coupon Amount plus (ii) the amount of the ETN‘s two most recent couponpayments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimalplaces for ease of analysis.3. On July 12, 2021, the Credit SuisseNasdaq Gold FLOWS^TM^ 103 Index, the Credit Suisse Nasdaq Silver FLOWS^TM^ 106 Index and the Credit Suisse Nasdaq WTICrude Oil FLOWS^TM^ 106 Index (the “Indices”) concluded the notional sale of options on GLD shares, SLV shares andUSO shares, respectively, with August 2021 expiration. We expect that the notional cash distribution generated by this sale of optionswill be withdrawn from the Indices on August 16, 2021, subject to adjustment in the event of any market disruption events. Assuming noredemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on August 16,2021, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount.The Expected Coupon Amount is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.4. Foreach ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussedin more detail below. The Expected Current Yield, which is based on an ETN’s Expected Coupon Amount and its two most recent couponpayments, is not indicative of future coupon payments, if any, on the ETNs. In particular, future coupon payments on an ETN may differsignificantly from its Expected Current Yield, if its Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteedany coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodicinterest payments. The Expected Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero.Accordingly, the Expected Current Yield will change over time, and such change may be significant. Any payment on the ETNs is subjectto Credit Suisse’s ability to pay its obligations as they become due. For more information regarding any ETN's coupon payments,please refer to such ETN's pricing supplement.5. The Expected Current Yield for theETN equals the sum of (i) the Expected Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multipliedby four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease ofanalysis. The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.Press ContactAnna Christensen, Credit Suisse AG, anna.christensen@credit-suisse.comCredit Suisse ETNsTelephone +1 800 320 1225, ETN.Desk@credit-suisse.comThe ETNs may not be suitable for allinvestors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.The ETNs are subject to the credit risk of Credit Suisse. You may receive less, and possibly significantly less, than the principal amountof your investment at maturity or upon repurchase or sale. Coupon payments on the ETNs will vary and could be zero. There is no actualportfolio of assets in which any investor in the ETNs has any ownership or other interest. Investors in the ETNs do not have voting rights,distribution rights or other rights with respect to the assets included in the tracked indices. An investment in the ETNs involves significantrisks. For further information regarding risks, please see the section entitled “Risk Factors” in the applicable pricingsupplement.Credit SuisseCredit Suisse is one of the world's leadingfinancial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialistinvestment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealthmanagement, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth inAsia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employsapproximately 49,240 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of AmericanDepositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.DisclaimerThis document was produced by and theopinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for informationpurposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any personto buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysiscontained in this publication have been | Media Release || --- || August 6, 2021 Page 3/3 |compiled or arrived at from sourcesbelieved to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not acceptliability for any loss arising from the use hereof.Credit Suisse has filed a registrationstatement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this press releaserelates. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated June 18, 2020 and theProspectus dated June 18, 2020 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering.You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov or clicking the hyperlinks below:REML:Pricing Supplement dated November 10,2020, including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:https://notes.credit-suisse.com/api/DocFile/GetProspectus/REMLUSOI:Pricing Supplement dated May 17, 2021,including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOIGLDI:Pricing Supplement dated May 24, 2021,including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDISLVO:Pricing Supplement dated June 24, 2021,including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:https://notes.credit-suisse.com/api/DocFile/GetProspectus/SLVOAlternatively, Credit Suisse, CreditSuisse Securities (USA) LLC or any agent or any dealer participating in this offering will arrange to send you the applicable pricingsupplement, prospectus supplement and prospectus if you so request by calling 1-800-320-1225.This document was produced by and theopinions expressed are those of Credit Suisse as of the date of writing and are subject to change.X-Links^®^ is a registeredtrademark of Credit Suisse Securities (USA) LLC.Copyright © 2021, CREDIT SUISSEGROUP AG and/or its affiliates. All rights reserved.**

Credit Suisse AG 6-K, filed Aug 6, 2021

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