24 February Credit Suisse AG. Supplement to Base Prospectus

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1 24 February 2010 Credit Suisse AG Supplement to Base Prospectus Interest Rate Securities (Base Prospectus BPCS-2) dated 25 September 2009 as supplemented on 12 November 2009 and on 5 January 2010 This Supplement to the above base prospectus (a Prospectus ) constitutes a supplementary prospectus to the Prospectus for the purposes of Section 87G of the Financial Services and Markets Act 2000 and has been approved by the Financial Services Authority in its capacity as competent authority under the UK Financial Services and Markets Act This supplement incorporates by reference the Registration Document dated 17 February 2010 and the specific parts of the Form 6-Ks that were filed with the U.S. Securities and Exchange Commission ( SEC ) dated 24 April 2009, 7 May 2009, 24 June 2009, 24 July 2009, 6 August 2009, 23 October 2009, 5 November 2009, 10 December 2009, 16 December 2009 and 12 February 2010 as set out below. Therefore, in the section entitled "Documents Incorporated by Reference", the numbered paragraphs shall be deleted and replaced as follows: 1. Registration document dated 17 February 2010 relating to the Issuer that has been approved by the Financial Services Authority (the Registration Document ) (except the documents incorporated therein by reference). 2. The specific parts of the Fourth Quarter Form 6-K filed with the SEC on 12 February 2010, Form ^-K filed with the SEC on 16 December 2009, the Form 6-K filed with the SEC on 10 December 2009, the Third Quarter Form 6-K Dated 5 November 2009, Third Quarter Form 6-K Dated 23 October 2009, the Six Months Financials Form 6-K, the Second Quarter Form 6-K Dated 6 August 2009, the Second Quarter Form 6-K Dated 24 July 2009, the Form 6-K filed with the SEC on 24 June 2009, the First Quarter Form 6-K Dated 7 May 2009, the First Quarter Form 6-K Dated 24 April 2009, the Annual Report 2008 and the Annual Report 2007 on Form 20-F of Credit Suisse, filed with the United States Securities and Exchange Commission (the SEC ), as listed in the table below: Section number Section heading Sub-heading Page(s) Fourth Quarter Form 6-K Dated 12 February 2010 Introduction 2 Forward-looking statements 2 Key Information Selected financial data Key Information Operating and financial review and prospects

2 Key Information Treasury and Risk Management 6 Exhibits 7 Exhibit to Fourth Quarter Form 6-K Dated 12 February 2010 (Financial Report 4Q09) I Financial highlights -1 Table of Contents 3 Credit Suisse at a glance 4 Operating environment 6-8 Credit Suisse 9-10 Core Results Treasury and Risk management Core Results Fair valuations 17 Key performance indicators 18 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management Condensed consolidated financial statements statements, including: financial statements,

3 75-79 Form 6-K filed with the SEC on 16 December 2009 Media Release 2 Form 6-K filed with the SEC on 10 December 2009 Media Release 2 Third Quarter Form 6-K Dated 5 November 2009 Explanatory Note 2 Exhibits 3 I Exhibit to Third Quarter Form 6-K Dated 5 November 2009 (Financial Report 3Q09) Treasury and Risk management statements Dear shareholders 2-3 Table of Contents 4 Credit Suisse at a glance 5 Operating environment 6-8 Credit Suisse 9-10 Core Results Core Results Fair valuations 16 Key performance indicators 18 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management statements, including:

4 financial statements, Third Quarter Form 6-K Dated 23 October 2009 Introduction 2 Forward-looking statements 2 Key Information Selected financial data Key Information Operating and financial review and prospects Key Information Treasury and Risk Management Exhibits 8 I Exhibit to Third Quarter Form 6-K Dated 23 October 2009 (Financial Release 3Q09) Treasury and Risk management statements Dear shareholders 2-3 Table of Contents 4 Credit Suisse at a glance 5 Operating environment 6-8 Credit Suisse 9-10 Core Results Core Results Fair valuations 16 Key performance indicators 17 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management statements, including:

5 financial statements, Six Months Financials Form 6-K Introduction 2 Forward-looking statements 2 Key Information Condensed consolidated financial statements Operating and financial review and prospects Exhibits Exhibits to Six Months Financials Form 6-K N/A Exhibit No Letter regarding unaudited financial information from the Independent Registered Public Accounting Firm N/A Exhibit No Ratio of earnings to fixed charges 7 N/A Exhibit No Credit Suisse (Bank) Financial Statements 6M09 (Condensed consolidated financial statements ), including: Consolidated statements of income financial statements, Second Quarter Form 6-K Dated 6 August 2009 Explanatory Note 2 Exhibits 3 I Exhibit to Second Quarter Form 6-K Dated 6 August 2009 (Financial Report 2Q09) Dear shareholders 2-3

6 Treasury and Risk management statements Table of Contents 4 Credit Suisse at a glance 5 Operating environment 6-8 Credit Suisse 9-10 Core Results Core Results Fair valuations Key performance indicators 18 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management Report of Independent Registered Public Accounting Firm statements, including: financial statements, Second Quarter Form 6-K Dated 24 July 2009 Introduction 2 Forward-looking statements 2 Key Information Selected financial data Key Information Operating and financial review and prospects Key Information Treasury and Risk Management Exhibits 6

7 I Exhibit to Second Quarter Form 6-K Dated 24 July 2009 (Financial Release 2Q09) Treasury and Risk management statements Dear shareholders 2-3 Table of Contents 4 Credit Suisse at a glance 5 Operating environment 6-8 Credit Suisse 9 Core Results Core Results Fair valuations 16 Key performance indicators 17 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management statements, including: financial statements, The Form 6-K filed with the SEC on 24 June Media Release 3-6 First Quarter Form 6-K Dated 7 May 2009 Explanatory Note 2 Exhibits 3 Exhibit to First Quarter Form 6-K Dated 7 May 2009 (Financial Report 1Q09)

8 I Treasury and Risk management statements Dear shareholders 2-3 Table of Contents 4 Credit Suisse at a glance 5 Operating environment 6-9 Credit Suisse Core Results Core Results Fair valuations Key performance indicators 18 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management Report of Independent Registered Public Accounting Firm statements, including: financial statements, First Quarter Form 6-K Dated 24 April 2009 Introduction 2 Forward-looking statements 2 Key Information Selected financial data Key Information Operating and financial review and prospects

9 Key Information Treasury and Risk Management 6 Exhibits 7 I Exhibit to First Quarter Form 6-K Dated 24 April 2009 (Financial Report 1Q09) Treasury and Risk management statements Dear shareholders 2 Table of Contents 4 Credit Suisse at a glance 5 Operating environment 6-9 Credit Suisse 10 Core Results Core Results Fair valuations 16 Key performance indicators 17 Private Banking Investment Banking Asset Management Results Assets Treasury management Risk management statements, including: financial statements, Annual Report 2008 N/A Form 20-F N/A N/A Dear shareholders, clients and colleagues Index

10 I Operating as an integrated bank Information on the company Review of the year s events ision, mission and principles 16 Strategy Our businesses Organizational and regional structure Global reach of Credit Suisse Corporate citizenship 34 Regulation and supervision Operating and financial review Operating environment Treasury, Risk, Balance sheet, and Off-balance sheet Corporate governance Consolidated financial statements Credit Suisse (Bank) Credit Suisse Core Results Key performance indicators 57 Private Banking Wealth Management Corporate & Retail Banking Investment Banking Asset Management Corporate Center 83 Results Summary Assets Critical accounting estimates Treasury management Risk management Balance sheet, off-balance sheet and other contractual obligations Overview Shareholders Board of Directors Executive Board Compensation Additional information Report of the Group Auditors Consolidated statements of changes in shareholder s equity 320 Comprehensive income

11 IX X Parent company financial statements Credit Suisse (Bank) Additional information Investor information Notes to the consolidated financial statements Controls and procedures Report of the Group Auditors 380 Report of the Statutory Auditors Financial review 385 Statements of income 386 Balance sheets 387 Off-balance sheet business 388 Notes to the financial statements Proposed appropriation of retained earnings 396 Statistical information Legal proceedings Risk factors Other information Foreign currency translation rates 434 Investor information List of abbreviations Annual Report 2007 N/A Form 20-F N/A I Information on the Company Index 2-5 Dear shareholders, clients and colleagues 6-8 Credit Suisse at a glance Operating and financial review Global reach of Credit Suisse The year at Credit Suisse 14 ision, mission and principles 15 Corporate citizenship 15 Strategy Our business Organizational Structure Regulation and supervision Operating environment Credit Suisse Core Results Key performance indicators 47

12 Balance sheet, Off-balance sheet, Treasury and Risk Corporate governance Consolidated financial statements Credit Suisse (Bank) Parent company financial statements Credit Suisse (Bank) Private Banking Wealth Management Corporate & Retail Banking Investment Banking Asset Management Corporate Center 69 Results Summary Assets Critical accounting estimates Balance sheet, off-balance sheet and other contractual obligations Treasury management Risk management Overview Shareholders Board of Directors Executive Board Compensation Additional information Report of the Group Auditors Consolidated statements of income Statements of changes in shareholder s equity 286 Comprehensive income Notes to the consolidated financial statements Controls and procedures Report of the Group Auditors 336 Report of the Statutory Auditors 339 Financial review 340 Statements of income 341 Balance sheets 342 Off-balance sheet business 343 Notes to the financial statements Proposed appropriation of retained earnings IX Additional information Statistical information

13 Legal proceedings Risk factors Other information Foreign currency translation rates 386 X Investor information Investor information If documents which are incorporated by reference to this Supplement themselves incorporate any information or other documents therein, either expressly or implicitly, such information or other documents will not form part of this Supplement for the purposes of the Prospectus Directive except where such information or other documents are specifically incorporated by reference or attached to the Supplement. To the best of the Issuer's knowledge, having taken all reasonable care to ensure that such is the case, the information contained in this supplementary prospectus is in accordance with the facts and contains no omission likely to affect its import. The Issuer accepts responsibility accordingly. The delivery of this supplementary prospectus at any time does not imply that any information contained therein is correct at any time subsequent to the date hereof. Investors should be aware of their rights under Section 87Q (4) of the Financial Services and Markets Act 2000.

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