Inaugural Green BondSenior Unsecured OpCo

Investor RelationsMay 2020

Table of contents

Green Finance Framework and Issuance 9

Executive summary 4

2

Appendix

May 2020

May 2020 3

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Cautionary statement regarding forward-looking statements

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differ materially from the plans, objectives, expectations, estimates and intentions we express in these forward-looking statements, including those we identify in "Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2019 and in the “Cautionary statement regarding forward-looking information" in our 1Q20 Financial Report, published on May 7, 2020 and filed with the US Securities and Exchange Commission, and in other public filings and press releases. We do not intend to update these forward-looking statements, except as may be required by applicable

securities laws.

In particular, the terms “Estimate”, “Illustrative”, “Ambition”, “Objective”, “Outlook” and “Goal” are not intended to be viewed as targets or projections, nor are they considered to be Key Performance Indicators. All such estimates, illustrations, ambitions, objectives, outlooks and goals are subject to a large number of inherent risks, assumptions and uncertainties, many of which are completely outside of our control. These risks, assumptions and uncertainties include, but are not limited to, general market conditions, market volatility, interest rate volatility and levels, global and regional economic

conditions, political uncertainty, changes in tax policies, regulatory changes, changes in levels of client activity as a result of any of the foregoing and other factors. Accordingly, this information should not be relied on for any purpose. We do not intend to update these estimates, illustrations, ambitions,

objectives, outlooks or goals.

We may not achieve the benefits of our strategic initiatives

We may not achieve all of the expected benefits of our strategic initiatives. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all

of the expected benefits of these initiatives.

Estimates and assumptions

In preparing this presentation, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take account of variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results.

Figures throughout this presentation may also be subject to rounding adjustments. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice

and we do not intend to update this information.

Statement regarding capital, liquidity and leverage

Credit Suisse is subject to the Basel III framework, as implemented in Switzerland, as well as Swiss legislation and regulations for systemically important banks, which include capital, liquidity, leverage and large exposure requirements and rules for emergency plans designed to maintain systemically

relevant functions in the event of threatened insolvency. Credit Suisse has adopted the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS) and implemented in Switzerland by FINMA.

Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The look-through tier 1 leverage ratio and CET1 leverage ratio are calculated as look-through BIS tier 1 capital and CET1 capital, respectively, divided by period-end leverage exposure. Swiss leverage ratios are measured on the same period-end basis as the leverage exposure for the BIS leverage ratio.

Sources

Certain material in this presentation has been prepared by Credit Suisse on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third-party

sources and makes no representations or warranties as to accuracy, completeness or reliability of such information.

Disclaimer

4

As a global leader in financial services, Credit Suisse recognizes its responsibility and position to help combat climate

change and environmental degradation by supporting the transition to a low carbon sustainable economy and the

achievement of the UN Sustainable Development Goals

To that effect, our Chief Executive Officer announced the establishment of the Impact Advisory and Finance

department in September 2017 to direct, coordinate and facilitate projects and initiatives across the Bank that make a positive economic, environmental and social impact

One of the most impactful ways in which we can create lasting positive impact is by issuing green bonds which direct capital

towards low carbon and environmentally sustainable economic activity

In line with best market practice, Credit Suisse has committed to a high standard of transparency for its green bonds to enable investors to review its green credentials.

We established our green finance framework in 2019 in line with the ICMA Green Bond Principles (2018), and have engaged

ISS-ESG to act as the independent second-party-opinion provider in respect of the framework and use of proceeds. ISS is providing an annual review of the updated portfolio for the planned bond issuance

May 2020

Executive summary

5

Source: Credit Suisse website

May 2020

Credit SuisseCode of Conduct

Responsibility in banking

Responsibility in the economy and society

Our main responsibility is to ensure that we run our companysuccessfully on a long-term basis for the benefit of our clients,shareholders, employees and society as a whole. We believecompetence, client focus, compliance, diligence andresponsible conduct are key to the success of our business.This includes taking account of social and environmentalaspects when conducting our activities.

As a global bank, we see ourselves as an integral part of theeconomy and society. We therefore aim to run our business ina way that creates value for all our stakeholders. Through ourrole as a financial intermediary, we support entrepreneurshipand economic growth, and we make an economic contributionas an employer, taxpayer and contractual partner. We also

support various humanitarian and charitable organizations and projects aswell as cultural and sporting events.

Qualified and motivated employees are a vital success factor.We want to be an employer of choice worldwide and thereforeoffer our people progressive working conditions and variedcareer opportunities in a multicultural environment in ourefforts to attract the best talent.

We are committed to conducting our business with along-term view to supporting environmental sustainability.We believe important pillars of this approach include oursupport for the transition to a low-carbon and climate-resilienteconomy as well as the protection of biodiversity. We thereforestrive to promote the efficient use of resources and addresssustainability issues when managing risks.

Credit Suisse as an employer

Diversity and inclusion

Climate and biodiversity

Environmental management

Responsibilityas an employer

Responsibility for the environment

Trust and expertise

Risk management and sustainability

Sustainable impact and investment products and services

Our role in the economy and society

Our social commitments

Sponsorship

Our understanding of Corporate Responsibility

6May 2020

Credit Suisse has a long history of green finance successes

‘92

‘00

‘02

‘03

‘04

‘06

‘08

‘09

‘10

‘14

‘15

‘16

‘17

‘18

‘19

‘20

UNEP-Finance

Initiative

– Credit Suisse is

one of the first

signatories

UN Global Compact

– Credit Suisse is

one of the first

signatories

rA Global Microfinance Fund

First sustainable

real estate fund

in Switzerland

Credit Suisse is

globally greenhouse

gas neutral

Local Currency

Microfinance Note 1

Launch of the Global

Citizens Program

(GCP)

First climate neutral real

estate fund in Europe

Higher Education Note

2

Local Currency

Microfinance Note 3

1st place in Bloomberg

Rating for Solar Tax

Equity for the second

year in a row

Green Bond Fund

and Sustainable

Index Funds

(Emerging Markets)

Establishment of the

Impact Advisory and

Finance (IAF)

Department

Launch of the

Edutainment Fund,

Responsible

Consumer Fund,

Quadria PE

Healthcare Fund

and the Low Carbon

Blue Economy Note

Through Reputational Risk

Assessment Process -

Assessment of

sustainability risks

FT/IFC

Sustainable

Bank Award

Launch of

CSAM goes

ESG

Co-founder of

responsAbility

rA BOP Equity Fund

rA Microfinance

Leaders Fund

Launch of the

Microfinance

Capacity Building

Initiative (MCBI) Signatory UN PRI

Signatory Green

Bond Principles

Higher Education

Note 1

Nature Conservation

Note 1

Awarded the Ecological Finance Deal of the Year

for our Nature Conservation Notes

Asia Impact Fund

launch

14 Green Star Awards

for Credit Suisse real

estate funds

Founding member

"Coalition

for Private Investment in

Conservation"

Launch of further

Sustainable Index Funds

(US, Equity World, EMU)

In our Real Estate funds

the 100th building is

certified with a

greenproperty label.

CS is a founding signatory

of the IFC Impact

Management Principles

Equator

Principles –

Credit Suisse is

one of the first

signatories

Sustainable

discretionary

mandates for

private

customers

CS becomes a

signatory of the

Poseidon

principles

Launch of the

Climate Change

SupertrendHigh level overview:

Credit Suisse has a long

history of sustainable

investing and has been an

early signatory to critical

industry initiatives

UNEP Finance Initiative: A partnership between UNEP and the global financial sector to mobilize private sector finance for sustainable development.

The Green Bond Principles: Voluntary guidelines recommending transparency and disclosure and to promote integrity in the development of the green bond market.

UNEPFI Principles for Responsible Banking: A set of six principles providing a framework for a sustainable banking system, supporting banks in making a positive contribution to society.

The Climate Bonds Initiative: An international organization working to mobilize the global bond market for climate change solutions, for example by developing a climate bond taxonomy.

The Equator Principles: An ESG risk management framework for project finance, providing a minimum standard for due diligence and monitoring.

Principles for Responsible Investment: A set of six principles providing a global standard for responsible investing as it relates to ESG factors.

U.S. Alliance for Sustainable Finance: Convening 15 financial institutions to drive investment in clean energy and climate resilience projects across the U.S.

Operating Principles for Impact Management: A global standard where investors seek to generate positive societal impact alongside financial returns in a disciplined and transparent way.

The Thun Group of Banks: Forum to support the integration of the UN Guiding Principles on Business and Human Rights into the policies and practices of banking institutions.

The Wolfsberg Group: An association of 13 global banks aiming to develop frameworks and guidance for the management of financial crime risks.

Swiss Sustainable Finance (SSF): An industry association seeking to foster sustainable finance in Switzerland through information, education and convening.

Global Impact Investing Network (GIIN): Network seeking to accelerate impact investing through knowledge exchange, producing tools, resources and thought leadership.

UN Global Compact: A voluntary initiative based on CEO commitments to implement universal sustainability principles and to undertake partnerships in support of UN goals.

Poseidon Principles: Organisation establishing a framework for integrating climate considerations into lending decisions to promote international shipping’s decarbonisation

Longstanding commitment to Sustainable Finance

May 2020 7

2º Investing Initiative: Joined a network of 17 Banks in road testing the PACTA1 methodology for climate scenario analysis of corporate lending portfolios

1 Paris Agreement Capital Transition Assessment

Energy Transitions Commission: a diverse group of Leaders from the public and private sector, aiming to accelerate change towards low-carbon energy systems while enabling strong economic development

8

Appointed the Conduct and Ethics ombudsperson – serving as an immediate point of escalation

Our employees dedicated over 60,378 hours to skills-based volunteering

More than 500 employees provided with training in sustainability risk management

22% proportion of women in senior management positions (Managing Directors and Directors)

Assessment of potential transactions based on globally applicable policies in line with International Organization standards

17,200 employee participants to our training on environmental management

Involvement in Thun Group to work on implementation guidance of the UN Guiding Principles on Business and Human Rights

Decrease of net global greenhouse gas emissions by Credit Suisse by 23% to 127,500 metric tons of CO2 in 2019 vs. 20172

Assets invested according to sustainability criteria rose to over CHF 44 bn by the end of 2019

Launch of new products (Green Bond Index) and initiatives (e.g., IFC Operating Principles for Impact)

Global Real Estate portfolio of CHF51bn in AuM with a focus on sustainable investment solutions

Inclusion in the Dow Jones Sustainability World Index since 1999

SDG oriented impact investing, encompassing also microfinance in developing countries

Participated in over USD 20 billion sustainability-linked loans in 2019

1 Credit Suisse Corporate Responsibility Report 2019 2 Decreased by 70% vs. 2010 GRESB = Global Real Estate Sustainability Benchmark

May 2020

Creating

value

Operating

responsibly

Managing

wider

impacts

We have achieved significant sustainability milestones¹

Green Finance Framework and Issuance

9May 2020

10

Use of

proceeds

1

Our framework has been aligned with

the industry benchmark – the Green Bond Principles (2018)

Project

evaluation

and selection

2

Management

of proceeds

3

Reporting

4

Assurance

5

May 2020

Overview of Credit Suisse’s Green Finance framework

11

Use of proceeds

Low emission

transport

infrastructure and

public

transportation,

including rail

transport

Clean

transportation

(SDG 9/11)

Ecosystem

conservation

projects incl.

sustainable forestry

(FSC or PEFC

certified),

sustainable

agriculture and

sustainable

fisheries

(MSC certified)

Conservation

finance

(SDG 14/15)

Wind, solar,

biomass,

geothermal and

small-scale hydro

(up to 20MW), fuel

cells, battery

storage technology

and related energy

storage

infrastructure

Renewable

energy

(SDG 7/13)

Buildings with at

least Minergie, gold

LEED or a very

good BREEAM

rating, sustainable

retrofits and smart

grid investments

Low carbon

buildings

(SDG 9)

Sustainable

waste

management

(SDG 11/12)

Sustainable waste

management,

recycling and

waste-to-energy

projects

Sustainable

water

infrastructure

(SDG 6/9)

Green

infrastructure (e.g.,

flood defenses),

sustainable water

supply and

management (e.g.,

sewage collection

and treatment)

Energy

efficiency

(SDG 7/11/13)

Development or

deployment of

technology that

reduces energy use

for a given asset or

targets product

improvements to

energy distribution

Circular

economy

(SDG 11/12)

Upgrades to

manufacturing

processes and

facilities to improve

resource efficiency

May 2020

Our focus is on eight eligible sectors that are consistent with the Green Bond

Principles and focused on UN Sustainable Development Goals

12

Use of proceeds – illustrative initial portfolio

Illustrative portfolio1

Tax equity

investments2,4

Corporate

lending

Top-tier

assets

Tax equity investments in solar projects

developed by top-tier developers using top-tier

equipment, and located across the U.S.

>34,000

projects

The portfolio3 consists of estimated over 513

MWs across over 34,000 projects (over

33,000 households and hundreds of

commercial and industrial projects)

>16.6

million MT

CO2

The portfolio3 is expected to facilitate over

475 thousand of global warming MT of CO2

avoided p.a. over the useful lives of the

assets, amounting to over 16.6 million

cumulative MT of CO2 avoided

May 2020

We intend to allocate proceeds from the inaugural bond issuance to operating renewable

energy projects, clean transportation and real estate

Real Estate

Key Solar Projects Highlights

LEED Gold Building

~$641mTotal Eligible Portfolio

A

B

C

U.S. = United States of America MT = Metric ton MW = Megawatt 1 Table contains a list of illustrative projects that we intend to refinance with the inaugural green bond. We expect to allocate the majority of total

bond proceeds at issuance and the un-allocated proceeds from the issuance to future green investments eligible under our green finance framework within the next 12 months 2 “Tax equity investments” are structured

equity investments with economic and risk characteristics similar to non-recourse project debt, which serve, in part, to monetize tax credits provided by the U.S. federal government to incentivize domestic development of

renewable energy generation 3 Credit Suisse’s tax equity investments represent partial ownership of the projects. Figures represent best estimates as the precise system count is constantly changing. Updated metrics will

be included in the green bond reporting. 4. In November 2016, Tesla, Inc. (NASDAQ:TSLA) acquired SolarCity Corporation (NASDAQ:SCTY) in an all-stock deal.

13

Use of proceeds – illustrative case study

Hundreds

of projects

Tax equity investment in a portfolio of

hundreds of commercial, industrial and

small utility scale solar photovoltaic

systems located across the U.S. which

were developed by SolarCity, now known

as Tesla Energy Operations, Inc.

Hundreds

of customers

The projects were developed and

constructed between 2015 and 2017 and

are expected to generate clean, renewable

solar power for more than a hundred

businesses, schools and government

organizations across the U.S.

Hundreds

of megawatts

The investment financed hundreds of

megawatts of new commercial solar

projects, believed to be the largest

transaction of its kind when it closed

SolarCity1 is a full-service U.S. solar developer

and operator for homeowners, businesses

and government organizations

Source for picture: www.solarcity.com/commercial/enterprise. U.S. = United States of America MT = Metric ton

1. In November 2016, Tesla, Inc. (NASDAQ:TSLA) acquired SolarCity Corporation (NASDAQ:SCTY) in an all-stock deal.

May 2020

14

Project evaluation and selection

Financial

due diligence

ESG

evaluation

Impact

Evaluation

Financial analysis (e.g., loan performance) of green assets1 that have been identified by business teams

The environmental benefit of each project or asset will be assessed against science-based climate targets and quantified if feasible. Social impacts will be evaluated to the extent appropriate

1st

filter

2nd

filter

3rd

filter

1 Such assets may include new financings or capital already invested in eligible projects preceding the green bond issuance with the intention to replace in the future.

2 The following sectors are excluded under our green bond investment framework: coal-fired power, defense, gambling, large-scale hydropower, mining, nuclear energy, oil & gas, palm oil, tobacco and wood pulp.

May 2020

Our project evaluation and selection

is made within a robust framework

Environmental, social and governance (ESG) screening based on sector exclusion list2 and review of the eligibility performed in-house by our Sustainability team based on best-in-class market data (e.g., MSCI Inc., RepRisk AG). Includes counterparty and asset-level evaluation

15

Management of proceeds

Funding

Single global pool of eligible green assets

Manual tracking of net proceeds use via internal systems

May 2020

With a transparent and sustainable

management of proceeds

Green bond accounting

Balance of net proceeds not yet allocated invested in liquid instruments consistent with green objectives

Unallocated funds

A single global pool of assets stemming from eligible sectors under the Green Finance Framework

Portfolio of eligible green projects

16

Reporting

Annual reporting will be provided on

www.credit-suisse.com/greenfinance

The green bond reporting will be published until full allocation of proceeds and include an overview on:

updated amount of proceeds allocated

to eligible projects and assets

balance of unallocated proceeds

relevant environmental impact

Reporting will be made in compliance with the Green Bond Principles best practice guidance

Annual verification of use of proceeds by an independent second-party will be included in the reporting

May 2020

Marisa Drew

CEO Impact Advisory

&

Finance Department

17

Assurance

Second-party opinion is provided:

− i) ex-ante on the Green Finance Framework and eligible assets and projects, and

− ii) on an annual basis for the duration that green financing is outstanding

In its second-party opinion, ISS-ESG states:

“The issuer has defined a formal concept for its Green Bonds regarding use of proceeds, processes for project evaluation and selection, management of proceeds and reporting. This concept is in line with the ICMA GBPs”

Positive sustainability quality of the asset pool

“The issuer itself shows a good sustainability performance…”

Ex-ante

opinion

Annual

reporting

Launch

of bond

Annual

reporting

1 year after

launch

Duration of

financing

May 2020

1

2

Appendix

18May 2020

19

Credit Suisse sustainability indices & ratingsInvestors are increasingly taking sustainability criteria into account alongside key financial indicators when making investment decisions. The analyses and ratings produced by specialized sustainability rating agencies and index providers – which assess companies according to environmental,

social and governance criteria – serve as a guide in this context

Why are Indices and

Ratings important

May 2020

Indices Brief description Credit Suisse

Dow Jones Sustainability

World Index (DJSI World)

Global best-in-class approach: The top 10% of the 2,500 largest companies in the S&P Global Broad Market

IndexSM that lead the field in terms of sustainability.

Credit Suisse has been a constituent of the Dow Jones Sustainability

World Index since it was launched in 1999.

Dow Jones Sustainability

Europe Index (DJSI Europe)

European best-in-class approach: the top 20% of the 600 largest European companies in the S&P Global

Broad Market IndexSM that lead the field in terms of sustainability.

Credit Suisse has been a constituent of the European Index of the Dow

Jones Sustainability Indices since it was launched in 2001.

FTSE4Good Index Companies that meet globally recognised corporate responsibility standards. Credit Suisse has been a constituent of the FTSE4Good Index Series

since it was launched in 2001.

Ratings Brief description Credit Suisse

CDP CDP represents institutional investors with invested assets of over USD 90 trillion; its aim is to offer

transparent guidance to investors on climate-related opportunities and risk for companies.

B (rating scale: D- to A)

MSCI ESG Rating MSCI ESG Ratings assess a company’s performance based on environmental, social and governance (ESG)

themes, focusing on key ESG issues identified for the industry.

BBB (rating scale: AAA to CCC)

SAM Corporate

Sustainability Assessment

(CSA)

The SAM CSA analyzes the sustainability performance of over 4,500 listed companies every year based on

environmental, social and governance (ESG) criteria.

Overall company score: 68 (rating scale: 1 to 100) (94th percentile)

Economic dimension score: 56; Environmental dimension score: 88;

Social dimension score: 79

Sustainalytics The sustainability research carried out by Sustainalytics focuses on environmental, social and governance (ESG) criteria.

65 points (rating scale: 1 to 100)(70th percentile; rated 108 out of 353)1

1 2019 Corporate Responsibility Report

Climate Bonds Initiative Principles for Responsible Investment (PRI)

Equator Principles Roundtable on Sustainable Palm Oil (RSPO)

Green Bond Principles UN Environment Programme Finance Initiative (UNEP FI)

Oebu – Swiss Business Council for Sustainable Development UN Global Compact

Principles for Responsible Banking (PRB)

Sustainability networks and initiatives

Credit Suisse actively participates in a number of sustainability networks and initiatives worldwide

CREDIT SUISSE AG

Investor RelationsParadeplatz 8 | 8001 Zürich | SwitzerlandPhone +41 44 333 11 11investor.relations@credit-suisse.com