GLDI 6-K 2023 - Equibles

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 October, 2023

Commission File Number 001–33434

CREDIT SUISSE AG

(Translation of Registrant’s Name IntoEnglish)

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 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 exhibits set forth below. This report on Form 6-K and such exhibits are hereby incorporated by reference into Registration Statement No. 333-272539 of Credit Suisse AG.

Exhibit 99.1: Press release of Credit Suisse AG dated October 19, 2023.

Exhibit 99.2: Press release of Credit Suisse AG dated October 19, 2023.

Pursuant to the requirements of the Securities Exchange 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: October 19, 2023	By:	/s/ Christopher Chadie
		Name:	Christopher Chadie
		Title:	Authorized Officer
	By:	/s/ Theis Wenke
		Name:	Theis Wenke
		Title:	Authorized Officer

Exhibit 99.1

CREDIT SUISSE
Eleven Madison Avenue<br><br> <br><br><br> <br>New York, NY 10010	Telephone +1 212-325-2000<br><br> <br><br><br> <br>Fax +1 212-325-7924
Media Release<br><br> <br><br><br> <br>October 19, 2023
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Credit Suisse Announces the Acceleration at its Option of its Previously Delisted VelocityShares^TM^ ETNs

New York, October 19, 2023 – Credit Suisse AG (“Credit Suisse”) announced today that it will exercise its right to accelerate, at its option, the following VelocityShares^TM^ Exchange Traded Notes: UGAZF, UGLDF, USLVF, DGLDF, DSLVF, ZIVZF, VIIXF and TVIXF (the “ETNs”). The acceleration date for UGAZF, UGLDF, USLVF, DGLDF and DSLVF is expected to be November 1, 2023. The acceleration date for ZIVZF, VIIXF and TVIXF is expected to be October 31, 2023.

The ETNs were delisted from their primary listing exchanges in July 2020. Concurrent with such delistings, Credit Suisse also suspended further issuances of the ETNs. Following the delisting from such exchanges, the ETNs traded on an over-the-counter basis.

As described in the related pricing supplements for the ETNs, Credit Suisse, as the issuer of the ETNs, may at its option accelerate all issued and outstanding ETNs of each series. Credit Suisse will exercise this right with respect to the ETNs by delivering a notice of optional acceleration via the Depository Trust Company on October 19, 2023.

Title of ETN	ETN Symbol	ETN CUSIP
VelocityShares<br> 3x Long Natural Gas ETNs linked to the S&P GSCI Natural Gas Index ER due February 9, 2032	UGAZF	22539T183
VelocityShares<br> 3x Long Gold ETNs linked to the S&P GSCI Gold Index ER due October 14, 2031	UGLDF	22542D316
VelocityShares<br> 3x Long Silver ETNs linked to the S&P GSCI Silver Index ER due October 14, 2031	USLVF	22542D290
VelocityShares<br> 3x Inverse Gold ETNs linked to the S&P GSCI Gold Index ER due October 14, 2031	DGLDF	22542D670
VelocityShares<br> 3x Inverse Silver ETNs linked to the S&P GSCI Silver Index ER due October 14, 2031	DSLVF	22542D654
VelocityShares<br> Daily Inverse VIX Medium Term ETNs linked to the S&P 500 VIX Mid-Term Futures Index due December 4, 2030	ZIVZF	22542D829
VelocityShares<br> VIX Short Term ETNs linked to the S&P 500 VIX Short-Term Futures Index due December 4, 2030	VIIXF	22542D266
VelocityShares<br> Daily 2x VIX Short Term ETNs linked to the S&P 500 VIX Short-Term Futures Index due December 4, 2030	TVIXF	22542D258

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On the acceleration date listed in the table below, investors in the following ETNs will receive a cash payment per ETN equal to the arithmetic average of the relevant ETN’s closing indicative values (“CIV”) during the five-trading-day accelerated valuation period.

ETN Symbol	Accelerated Valuation Period	Acceleration Date
UGAZF	October 23, 2023 to October 27, 2023	November 1, 2023
UGLDF	October 23, 2023 to October 27, 2023	November 1, 2023
USLVF	October 23, 2023 to October 27, 2023	November 1, 2023
DGLDF	October 23, 2023 to October 27, 2023	November 1, 2023
DSLVF	October 23, 2023 to October 27, 2023	November 1, 2023

On the acceleration date listed in the table below, investors in the following ETNs will receive a cash payment per ETN equal to the relevant ETN’s CIV on the accelerated valuation date.

ETN Symbol	Accelerated Valuation Date	Acceleration Date
ZIVZF	October 26, 2023	October 31, 2023
VIIXF	October 26, 2023	October 31, 2023
TVIXF	October 26, 2023	October 31, 2023

The CIV of an ETN, which is used to determine the amount of the cash payment upon acceleration of the ETN, is not the same as the trading price of the ETN. Each ETN’s CIV is published under the Bloomberg symbol listed in the table below or can be found on the VelocityShares website at http://www.velocityshares.com/etns/.

ETN<br><br><br> <br>Symbol	Bloomberg CIV<br><br><br> <br>Symbol
UGAZF	UGAZIV
UGLDF	UGLDIV
USLVF	USLVIV
DGLDF	DGLDIV
DSLVF	DSLVIV
ZIVZF	ZIVIV
VIIXF	VIIXIV
TVIXF	TVIXIV

For more information about the accelerated redemption amount for the ETNs, see “Key Terms— Acceleration at Our Option or Upon Acceleration Event” in the relevant pricing supplement. The relevant ETN pricing supplement can be accessed on the SEC website at www.sec.gov or by clicking on the hyperlinks below.

UGAZF: https://www.sec.gov/Archives/edgar/data/1053092/000095010320012010/dp130569_424b2-vlsetn3a54.htm

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UGLDF, USLVF, DGLDF and DSLVF:

https://www.sec.gov/Archives/edgar/data/1053092/000095010320012009/dp130575_424b2-vlsetn2a28.htm

ZIVZF, VIIXF and TVIXF:

https://www.sec.gov/Archives/edgar/data/1053092/000095010320012007/dp130570_424b2-vlsetn1vixa63.htm

Investors who buy the ETNs at any time for an amount that is greaterthan the cash amount due upon acceleration of the relevant ETNs (including paying any premium to such cash amount) will suffer a losson their investment. Furthermore, investors who sell the ETNs at any time for an amount that is less than the cash amount due upon accelerationof the relevant ETNs (including selling at any discount to such cash amount) will suffer a loss. Any loss could be significant. Investorswill not receive any compensation for the loss of the investment opportunity of holding the ETNs, and investors may be unable to investin other securities with a similar level of risk and/or that provide a similar investment opportunity as the ETNs. For more information, see “Risk Factors” in the applicable pricing supplement.

None of the other ETNs issued by Credit Suisse are affected by this announcement. All dates referenced above are subject to change, including postponement due to certain events.

Press Contact

Vanita Sehgal, Credit Suisse, [email protected]

Credit Suisse ETNs

Telephone: +1 800 320 1225, Email: [email protected]

Exhibit 99.2

CREDIT SUISSE
Eleven Madison Avenue<br><br> <br><br><br> <br>New York, NY 10010<br><br> <br>USA	Telephone +1 212 325 5200<br><br> <br><br><br> <br>Fax +1 212 325-6665
Media Release<br><br> <br><br><br> <br>October 19, 2023
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Credit Suisse Announces the Exercise of its Right to Call its MLPOETNs

New York, October 19, 2023 – Credit Suisse AG (“CreditSuisse”) announced today that it will exercise its right to call its Credit Suisse S&P MLP Index Exchange Traded Notes (CUSIP:22539T456) (the “ETNs”). As of today, Credit Suisse will no longer issue new units of the ETNs.

As described in the related pricing supplement (the “Pricing Supplement”), Credit Suisse, as the issuer of the ETNs, may, at its option, call all issued and outstanding units of the ETNs. Credit Suisse will exercise this right by delivering a notice of issuer optional call via the Depository Trust Company on October 19, 2023.

The call settlement date is expected to be November 8, 2023. On the call settlement date, investors will receive a cash payment per ETN in an amount equal to the call settlement amount. The call settlement amount will be determined on the call valuation date of November 3, 2023 in accordance with the terms set forth in the Pricing Supplement, and will be equal to the average of the closing indicative values of the ETNs during the call valuation period and will reflect the stub coupon amount, if any, as of each date during the call valuation period minus applicable fees. The five consecutive trading days beginning October 30, 2023 and ending on the call valuation date of November 3, 2023 will constitute the call valuation period. For more information about the call settlement amount, see “Key Terms—Call Settlement Amount” in the Pricing Supplement. Credit Suisse expects that NYSE Arca will allow the ETNs to continue to trade until November 7, 2023. The coupon payment declared on October 2, 2023 is not affected by this announcement.

The Pricing Supplement can be accessed on the SEC website at www.sec.gov or by clicking on the hyperlink below.

https://www.sec.gov/Archives/edgar/data/1053092/000121390023052539/ea156988_424b2.htm

Investors who buy the ETNs at any time for an amount that is greaterthan the cash amount due upon call of the ETNs (including paying any premium to such cash amount) will suffer a loss on their investment.Furthermore, investors who sell the ETNs at any time for an amount that is less than the cash amount due upon call of the ETNs (includingselling at any discount to such cash amount) will suffer a loss. Any loss could be significant. Investors will not receive any compensationfor the loss of the investment opportunity of holding the ETNs, and investors may be unable to invest in other securities with a similarlevel of risk and/or that provide a similar investment opportunity as the ETNs. For more information, see “Risk Factors” inthe Pricing Supplement.

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None of the other listed ETNs offered by Credit Suisse are affected by this announcement. All dates referenced above are subject to change, including postponement due to certain events.

Press Contact

Vanita Sehgal, Credit Suisse, [email protected]

Credit Suisse ETNs

Telephone: +1 800 320 1225, Email: [email protected]