Credit Union Fixed Income Bond IV - 7 Year Term

Credit Union Fixed Income Bond IV - 7 Year Term 18.9% Minimum Return 2.7% Paid Out Annually (2.7% CAR) 7 Year Investment Term* *100% of capital is returned at the maturity date, return of capital and investment returns subject to the Credit Risk of the Counterparty Credit Suisse AG (as Issuer) and Raiffeisen Bank International AG (as Reference Entity). Limited issue, closing on or before 14th September 2015. For Credit Union Clients Only (Credit Unions categorised as Professional Clients within the meaning of MiFID) Cantor Fitzgerald Ireland Ltd (Cantor) is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Ltd is a member firm of the Irish Stock Exchange and the London Stock Exchange. R

Contents The Credit Union Fixed Income Bond IV 3 How does the bond work? 4 About Credit Suisse AG 5 About Raiffeisen Bank International AG 5 What do the credit rating letters mean? 6 What is a senior default or a credit event? 7 What risks should be considered before investing? 7 Who is the Credit Union Fixed Income Bond IV suitable for? 10 Questions & Answers 11 Terms and Conditions 14 Credit Linked Provisions Reference CdS 19 The Credit Union Fixed Income Bond IV Application Form 21 Investment Check List for Credit Union Investors 22 R A premier global financial services firm with 33 offices worldwide. This brochure has been prepared by Cantor Fitzgerald Ireland Limited, who are responsible for its contents. PAGE 2

The Credit Union Fixed Income Bond IV This Bond provides a 18.9% fixed return (2.7% CAR). A regular fixed coupon of 2.7% (2.7% CAR) is paid out annually. This 7 Year Senior Bank Bond ( The Bond ) is issued by Credit Suisse AG, (London) who are rated A/A1/A and distributed by Cantor Fitzgerald Ireland Ltd. The return of your initial capital invested in the bond as well as the investment returns will be dependent on the solvency of Raiffeisen Bank International AG as Reference Entity and Credit Suisse AG (London) in its capacity as the Bond Issuer. 100% of your capital will be returned at maturity, provided there has not been a Credit Event by Raiffeisen Bank International AG or Credit Suisse AG. Please see page 7 for further details on what is deemed a Credit Event. 18.9% Fixed Return. 2.7% (2.7% CAR) is paid out to investors each year for 7 years This investment is in the form of a senior bank bond, issued by Credit Suisse AG acting through its London Branch which includes a financial derivative linked to the credit exposure of Raiffeisen Bank International AG (Please see page 19 for further details of this financial derivative). Adding Raiffeisen Bank International AG credit exposure to this investment allows for higher fixed returns, thereby improving the potential returns for investors, albeit at a higher risk to any potential investor. The return of 100% of your initial capital at maturity and the return on investment is linked to the solvency of Raiffeisen Bank International AG (rated BBB/Baa2/BBB), as the Reference Entity, and Credit Suisse AG (rated A/A1/A) in its capacity as Issuer. If Credit Suisse AG or Raiffeisen Bank International AG default or become insolvent, you may lose some or even all of the invested capital and any unpaid returns on investment. Closing Date: 14th September 2015. Minimum Investment: Structure: Liquidity: 250,000 (and in additional units of 10,000 thereafter) Bank Bond Issued by Credit Suisse AG acting through its London Branch (rated A1/A). Credit Suisse AG is an authorised credit institution in the European Economic Area (EEA), Credit Suisse AG (London) is on the EBA Credit Institution Register and is authorised by the UK Financial Conduct Authority. Application will be made for Bond to be listed on the Irish Stock Exchange. Credit Suisse provide secondary market liquidity under normal market conditions. If the volume of funds raised for the Bond is insufficient to proceed, or exceeds any pre hedged amounts, or in the event of extreme market volatility, Cantor Fitzgerald Ireland Limited, at its sole discretion and without notice, may withdraw the product, or cease to accept applications for it. Warning: If either Credit Suisse AG or Raiffeisen Bank International AG defaults on Senior Debt, you will lose some or all of your Investment. Warning: If you cash in your investment before the Maturity Date, you may lose some or all of the money you invest. PAGE 3

How does the bond work? Investors receive a 2.7% (2.7% CAR) fixed return paid out for each of the 7 Years (18.9% fixed return in total). At maturity 100% of capital is also returned along with the final coupon. The return of 100% of your initial capital at maturity and the return on investment is linked to the solvency of Raiffeisen Bank International AG, as the Reference Entity, and Credit Suisse AG in its capacity as Issuer. In order to generate the returns outlined above, Credit Suisse AG will add the credit risk of Raiffeisen Bank International AG senior debt, by linking this Bond to the credit risk of Raiffeisen Bank International AG Senior debt (ISdA standard reference obligation), for the duration of the investment term. This effectively allows for higher potential investment returns by adding the Senior credit risk of Raiffeisen Bank International AG to this investment. The risk of a Raiffeisen Bank International AG Senior default is effectively transferred to the investments in this Bond. Credit Suisse AG and Raiffeisen Bank International AG have never defaulted on Senior debt in the past. Please see page 7 for further information on and definitions of potential credit events. Investment return illustration The figures below are a simple illustration of the returns achievable for this investment. The 2.7% (2.7% CAR) Fixed Return each year and the amount of your initial capital to be returned at maturity (the Capital Returned ), will depend upon the solvency of the Reference Entity and Issuer over the term of the investment. The table below is for illustrative purposes only: Year Fixed Return Paid Out Year 1 2.7% Year 2 2.7% Year 3 2.7% Year 4 2.7% Year 5 2.7% Year 6 2.7% Year 7 2.7% Total 18.9% Warning: These figures are estimates only. They are not a reliable guide to the future performance of this investment. PAGE 4

R About Credit Suisse AG Credit Suisse AG is an international financial services group which provides investment banking, private banking, and asset management services to customers located around the world. Credit Suisse AG has a market capitalisation of CHF 44.4 billion (as at July 2015). Founded in 1856, the bank has operations in over 50 countries and employs 46,400 people from approximately 150 different nations. Credit Suisse AG has 1.46 trillion in assets under management, a total capital ratio of 20.8% and 2014 pre tax income of CHF 3,232 million. Since June 2010 it has also been greenhouse gas neutral on a worldwide basis. Credit Suisse AG is included in the following sustainability indices: dow Jones Sustainability Europe Index, dow Jones Sustainability World Index and FTSE4Good Indexes. Source:Credit Suisse 2014 Annual Report Credit Suisse AG credit rating history over last 7 years: Data Source: Bloomberg 14th August 2015. About Raiffeisen Bank International AG Raiffeisen Bank International AG is a leading Austrian and European bank. The first Austrian Raiffeisen Bank was founded in 1886, 129 years ago by the social reformer Friedrich Wilhelm Raiffeisen who conceived the idea of cooperatives and created the first rural credit unions. Raiffeisen Bank International AG now has 54,468 employees and 2,851 business outlets servicing 14.8 million customers, and is one of the leading banking groups in Austria, Central and Eastern Europe. The organic structure that has developed in the Austrian Raiffeisen Banking Group comprises over 500 independent and autonomous Raiffeisen Cooperatives Banks, which form the foundation of the entire group. Raiffeisen also provides a range of banking, leasing asset management and investment banking services to customers in 15 other countries. The bank has a market capitalisation of more than 4 billion (as at July 2015) and a total capital ratio of 14.8%. Source: www.rbinternational.com Raiffeisen Bank International AG credit rating history over last 7 years: Data Source: Bloomberg 14th August 2015. Warning: Past performance is not a reliable guide to future performance. The value of investments may go down as well as up. You may get back less than you invest. Warning: If either Credit Suisse or Raiffeisen Bank International AG defaults on Senior Debt, you will lose some or all of your investment PAGE 5

What do the credit rating letters mean? A credit rating is an evaluation of the credit worthiness of a debtor. The evaluation is made by a credit rating agency of the debtor's ability to pay back the debt and the likelihood of default. The credit rating represents the credit rating agency's evaluation of qualitative and quantitative information for a company or government; including information obtained by the credit rating agencies' analysts. Agency Credit Suisse AG Raiffeisen Bank International AG S&P A BBB Fitch A BBB Moody s A1 Baa2 Data Source: Bloomberg 14th August 2015. Each credit ratings agency uses its own individual methodology for measuring creditworthiness and these can change with changes in the economy, business environment or when more narrowly focused on issues affecting a specific industry, country or individual debt issue. Credit ratings are used by bond investors to determine the likelihood that the issuer will repay its bond obligations. The table below defines what the credit ratings from each agency actually mean. CREDIT RISK STANDARD & POORS FITCH MOODYS Investment grade: Highest Quality AAA AAA Aaa High Quality (Very Strong) AA AA Aa A+ A+ A1 Upper Medium Grade (Strong) A A A2 A- A- A3 BBB+ BBB+ Baa1 Medium Grade BBB BBB Baa2 BBB- BBB- Baa3 Non-investment grade: BB+ BB+ Ba1 Lower Medium Grade BB BB Ba2 BB- BB- Ba3 Low Grade (Speculative) B B B Poor Quality (May default) CCC CCC Caa Most Speculative CC CC Ca no Interest Being Paid or Bankruptcy C C C In default d d d Data Source: Moodys, S&P & Fitch 14th August 2015. Credit Suisse AG is rated as A/A/A1 (Upper Medium Grade (Strong) by S&P, Fitch and Moody. Raiffeisen Bank International AG is rated as BBB / BBB / Baa2 (Medium Grade) by S&P, Fitch and Moody. Credit rating agencies constantly monitor the outlook for the institutions they cover for potential credit rating upgrades and also ratings downgrades. At the time of writing (14th August 2015) S&P and Fitch have Credit Suisse AG ratings outlook as stable, Moodys outlook is negative. Raiffeisen Bank International AG was downgraded recently along with other Austrian Banks and has a negative outlook from Moodys, S&P and Fitch. Warning: If either Credit Suisse or Raiffeisen Bank International AG defaults on senior debt, you will lose some or all of your investment. PAGE 6

What is a senior default or a credit event? A Bank or Institution is typically deemed to have defaulted or become insolvent when an independent committee of creditors (The ISdA Credit derivatives determinations Committee) or, in the absence of such committee, Credit Suisse AG based on publicly available information, has determined that the Institution has been affected by a Credit Event which shall include, but is not limited to, any of the following situations: Bankruptcy The Institution is unable to pay its senior debts as they fall due. A liquidator or administrator or other similar officer has been appointed in relation to such institution. Any insolvency proceedings are taken with respect to the Institution. The Institution has decided to restructure its senior debts and has entered into a voluntary arrangement or a scheme of arrangement with its creditors. Governmental Intervention results in a reduction or postponement of principal or interest, subordination, an expropriation, transfer or other event which mandatorily changes the beneficial holder of the obligation, or a mandatory cancellation, conversion or exchange of the reference entity s obligations. What risks should be considered before investing? Investment risk There are a number of risks posed by this investment. Any investment decision should be made on the understanding that investors may lose some or all of their investment. Investors may have restricted access to their funds for the period of investment. Should a Credit Event occur on the Reference Entity, no (or no further) Fixed Return will be paid. In addition, the Capital Returned at maturity will be reduced according to the Recovery Rate of the Reference Entity (as defined by ISdA). As your Investment is linked to the solvency of the Reference Entity and the Issuer, it is important to assess their financial strength and their likelihood of a Credit Event. Credit ratings (please see page 6 for further details) can be a useful way to assess and compare the credit risk associated with different financial institutions. Credit ratings are assigned by independent companies known as ratings agencies and are reviewed regularly and are thus subject to change by these agencies. Standard & Poor s, Moody s and Fitch are commonly used as the three main ratings agencies and each uses a scale to denote creditworthiness. Standard & Poor s and Fitch rate companies from AAA (Most Secure/Best) to d (Most Risky/Worst), whilst Moody s rate companies From Aaa (Most Secure/Best) to C (Most Risky/Worst). The below table shows Standard & Poor s, Moody s and Fitch s Long Term credit ratings of Credit Suisse, Raiffeisen Bank International AG and 4 other Irish Banks (as of 14th August 2015). The Upper Medium Grade (Strong) credit ratings of Credit Suisse and Medium ratings of Raiffeisen Bank International AG imply that in the view of the rating agencies the long term risks of a default are relatively low, however Raiffeisen Bank International AG are on negative watch and so could potentially be downgraded. Agency Credit Suisse AG Raiffeisen Bank International AG Bank of Ireland AIB Bank Permanent TSB KBC Bank Ireland S&P A BBB BBB- BB+ BB- BBB- Fitch A BBB BB+ BB not rated not rated Moody s A1 Baa2 Baa2 Ba2 B2 Ba1 Source: Bloomberg, KBC Bank Ireland, PTSB, 14th August 2015. Capital Risk: Your money will be used to buy a Senior Bank Bond issued by Credit Suisse AG (London). In effect, you are lending money to Credit Suisse AG for the duration of the Bond. The due and punctual payments by Credit Suisse AG of all sums owed to investors in respect of the Bond have a credit risk on Credit Suisse AG. The Bonds are not bank deposits and are not insured by any governmental agency or other compensation scheme. Therefore, if Credit Suisse AG PAGE 7

experiences a Credit Event, you could sustain a loss on some or all of your initial investment and of your Investment Return. 100% of your capital will be returned at maturity, provided there has not been a Credit Event by Raiffeisen Bank International AG or Credit Suisse. However your Capital is at risk during the Investment Term and early withdrawal may result in loss of your initially invested capital. Credit risk of the Reference Entity (Raiffeisen Bank International AG): If a Credit Event occurs on the Reference Entity during the Investment Term you could lose some or all of your initial capital invested in the Bond. Upon occurrence of a Credit Event on the Reference entity no (or no further) Fixed Returns will be paid. Investors 100% capital return at maturity may be reduced according to the Recovery Rate of the Reference Entity, as determined by ISdA (please see page 7 for further details on what will be deemed a Credit Event). Raiffeisen Bank International AG could experience an increase in non-performing loans, deposit outflows, decreased profits or increased losses in its operations. Raiffeisen has diversified geographic exposure to 16 Markets, while 9 of these include Austria and other countries within the European Union (81.3% of assets), the remainder are in Central and Eastern Europe. Raiffeisen s operations and future profitability could be adversely affected by investor sentiment, political risk, macroeconomic risks, currency fluctuations, civil unrest or by ongoing or future conflicts in some Eastern European countries, in particular Albania (1.6% of total assets), Belarus (1.3% of total assets) Bosnia (1.5% of total assets), Kosovo (0.6% of total assets), Russia (10.2% of total assets), Serbia (1.5% of total assets) and Ukraine (2% of total assets).* * Raiffeisen Bank International - investor presentation May 2015. Credit Risk of Credit Suisse (counterparty risk): By acquiring the Bonds you take a credit risk on Credit Suisse in its capacity as Issuer. If Credit Suisse was to experience a Credit Event, the Bonds will terminate immediately. The amount that you receive back for your investment will depend on the market value of your investment at that time and may be less than your initial invested capital. Market risks: Corporate earnings could fall, economic conditions or policies, taxation policy, interest rates or tax rates may change. Inflation may occur over the duration of your Investment and if the returns, if any, on your investment are lower than the rate of inflation this will reduce what you could buy in the future. This investment may result in an opportunity cost where other assets generate a higher return on investment. Credit markets are speculative and future prices may trade lower than current prices. An economic recession may result in credit markets weakening significantly. Credit ratings and the financial position of the Issuer and or the Reference Entity may change over the investment term. If there is a change in credit ratings or the financial position of the Issuer and or the Reference Entity before the issue date, the decision to proceed with the bond will be entirely at the discretion of Cantor Fitzgerald Ireland Ltd. Cantor Fitzgerald Ireland Ltd. may endeavour to proceed with the investment on a best efforts basis and shall not assume any liability in this this respect. Warning: Value of your Investment may go down as well as up. You may get back less than you invest. Liquidity risk: Credit Suisse AG will be the sole provider of a secondary market for the Bonds. There is no liquid market on which these Bonds can be easily traded. Certain exceptional market circumstances may have a negative effect on the secondary market liquidity of the Bonds and on the price at which the Bonds may be sold prior to maturity. Consequently early encashment could result in the loss of part or all of your initial capital invested. Warning: If you cash in your investment before Maturity Date you may lose some or all of the money you invest. Hedging Risk: If the volume of funds raised for the Bond is insufficient to proceed (less than 2 million), or exceeds any pre hedged amounts, or in the event of extreme market volatility, Cantor Fitzgerald Ireland Limited, at its sole discretion and without notice, may withdraw the product, or cease to accept applications for it. PAGE 8

Warning: Should the Reference Entity experience a Credit Event, your initial capital invested will be reduced according to the ISDA defined Recovery Rate. Your entire initial capital invested would be reduced along with any unpaid Fixed Returns. The accuracy, completeness or relevance of the information which has been drawn from external sources is not guaranteed although it is drawn from sources reasonably believed to be reliable. Credit Suisse, nor any other provider of information or data referred to in this document, shall not assume any liability in this respect. After the receipt of a completed application form or an instruction to invest in the bond, any investor or potential investor who then subsequently decides not to proceed with, or to withdraw from the investment for any reason whatsoever, either before or after the Issue date, may then be entirely liable for any hedging costs, breakage costs or bid offer spreads which were incurred by Cantor Fitzgerald in unwinding the position for the investor. No recourse to any compensation scheme (or similar): As with all similar Structured Bonds, in the event of a Credit Event on the Issuer or the Reference Entity, you will not have recourse to any Compensation Scheme. Risk regarding deductions during the life of the Bonds: deductions for charges and expenses are not made uniformly throughout the life of the Bonds, but are loaded disproportionately onto the early period. If an investor sells the Bonds prior to the end of the 7 Year term, the practice of front-end loading will impact on the amount of money that the investor receives. The investor may not get back the full amount they invested. IMPORTANT NOTE: Investors should not read this document alone but should also read the risk factors and associated terms & conditions applicable to the Bonds, documented in the Credit Suisse Securities Note which shall embed the General Terms and Conditions of Notes set out in the Credit Suisse Note Programme Memorandum dated 9th July 2015 (the Programme Memorandum ), the Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ). This is obtainable on request from Cantor Fitzgerald Ireland Limited. Application will be made for the Bonds to be listed on the Irish Stock Exchange Regulated Market. PAGE 9

Who is the Credit Union Fixed Income Bond IV suitable for? You should consider these important points on the suitability of this investment for your individual situation. This brochure does not constitute investment advice. Credit Unions: This Bond complies with category 3 Bank Bonds of the List of Authorised Investments for Credit Unions from the Registrar of Credit Unions Guidance note on Investments by Credit Unions October 2006 as: This 7 Year Bond s maturity does not exceed 10 Years. This Senior Bond issue is a direct unconditional, unsecured, unsubordinated obligation of Credit Suisse AG (London Branch rated A/A/A1) a European Economic Area (EEA) authorised credit institution, with a long term credit rating of A issued by a European Securities Markets Authority (ESMA) recognised rating agency. Credit Suisse AG will apply to list this Bond on the Irish Stock Exchange Regulated Market. Credit Suisse may provide secondary market liquidity subject to normal market conditions. The Credit Union Fixed Income Bond IV MAY be suitable for you if: You are a Credit Union classified as professional within the meaning of MiFId. You are seeking income. If you want the regular returns and a minimum return. You do not need access to your capital for the 7 Year investment term. You are prepared to risk some or all of your investment if the Issuer, Credit Suisse AG, or the Reference Entity, Raiffeisen Bank International AG experiences a Credit Event during the Investment Term. You have a minimum of 250,000 to invest. The Credit Union Fixed Income Bond IV MAY NOT be suitable for you if: You are a retail investor or private client. You require access to your initial capital before the Bond s Maturity date. You are not prepared to risk some or all of your initial capital if the Issuer, Credit Suisse AG, or the Reference Entity, Raiffeisen Bank International AG experiences a Credit Event during the Investment Term. You want to add to your investment from time to time or at regular intervals. You do not have sufficient liquid resources to provide for unexpected events. Warning: If you invest in the product you may not have access to your money for 7 years. PAGE 10

Questions & Answers: How does the Credit Union Fixed Income Bond IV work? 1. The parties involved in the Bond are as follows; The Distributor is: Cantor Fitzgerald Ireland Limited, 75 St. Stephen s Green, dublin 2. Cantor Fitzgerald Ireland Limited is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Limited is a member firm of the London Stock Exchange and the Irish Stock Exchange. The Bond Issuer is: Credit Suisse AG (London) rated A1/A/A. one Cabot Square, London E14 4QJ. Credit Suisse AG is an authorised credit institution in the European Economic Area (EEA), Credit Suisse AG (London) is on the EBA Credit Institution Register and is authorised by the UK Financial Conduct Authority. Application will be made for Bond to be listed on the Irish Stock Exchange. 2. Brief description of the benefits of the Bond: The Credit Union Fixed Income Bond IV commences on the Issue Date and (assuming no Credit Event on the Issuer or Reference Entity), provides: A minimum return of 2.7% (2.7% CAR) payable in 2.7% annual installments over the first 7 years of the investment term. 100% of your Investment will be repaid at the end of the investment term, on the repayment date, subject to the credit risk of Credit Suisse AG and the Raiffeisen Bank International AG. 3. Currency risk: The Bond and all returns are in Euro and will not be subject to any currency risk. 4. Capital protection: A total of 18.9% in Fixed Returns will be paid over the term and 100% of the capital invested will be repaid to investors at the maturity date. All capital and fixed returns are subject to the credit risk of Credit Suisse AG and Raiffeisen Bank International AG. If either Credit Suisse AG or Raiffeisen Bank International AG defaults on Senior debt you will lose some or even all of the capital invested and any unpaid Fixed Returns. Should you surrender your Bond early, where possible, you will receive the price offered by the Issuer on the secondary market for the Bond less any encashment costs, which may be less than you originally invested. 5. Risk to returns: This investment is in the form of a Senior Bank Bond issued by Credit Suisse AG which includes a financial derivative linked to the credit exposure of Raiffeisen Bank International AG Senior debt. If either Credit Suisse AG or Raiffeisen Bank International AG defaults or has a credit event on Senior debt you will lose some or even all of the capital invested and any unpaid fixed coupons. Warning: Total Income and Investment Returns are all subject to the credit risk of Credit Suisse AG, in its capacity as Issuer, and Raiffeisen Bank International AG, in its capacity as the Reference Entity. Where does my investment in The Credit Union Fixed Income Bond IV go? Your investment will be initially lodged to your account with Cantor Fitzgerald and your funds will be held by our custodian Pershing Securities International Limited a subsidiary company of the AA- (Fitch credit rating) Bank of new York Mellon Corporation in an individual account in the name of the investor. Before the Issue date funds will transferred to Credit Suisse and will be held by Credit Suisse AG until the maturity date. At the Regular Income Payment dates and at the maturity date funds will be transferred back to your account in Cantor Fitzgerald and will be held in custody for investors by Pershing Securities International Ltd. Cantor Fitzgerald will advise you of the amount of funds received and request your instructions at that time. What are the fees and charges? no charges are taken away from your investment. Cantor Fitzgerald Ireland Limited receives a fee from Credit Suisse for the marketing, administration, literature production & distribution of this product. Based on indicative pricing as of 20th August 2015 the fee to Cantor Fitzgerald Ireland Limited will be equivalent to 0.46% per annum, a total of 3.28% of the Investment Amount. This fee is not taken from your investment amount and is not charged directly to the amount you invest, or your potential maturity amount, as this fee is built into the Bond terms. Authorised investment advisors appointed by Cantor Fitzgerald Ireland Limited may also receive a fee from the fees received by Cantor Fitzgerald for PAGE 11

distributing this product. These fees are not taken from your Investment Amount or your potential maturity payments. If the volume of funds raised for the Bond is insufficient to proceed, or exceeds any pre hedged amounts, or in the event of extreme market volatility, Cantor Fitzgerald Ireland Limited at its sole discretion and without notice, may amend the intermediary distribution fees payable, or withdraw the product, or cease to accept product applications. Do I have access to my investment? The Investment in The Credit Union Fixed Income Bond IV is designed to be held for the 7 Year Term. If you need to cash in your investment early, Credit Suisse may provide, under normal market conditions, a secondary market with an indicative bid/offer spread of 1%. However neither Cantor Fitzgerald nor Credit Suisse can guarantee what its value will be at that point and it may be less than you originally invested. We will pay you the value of your investment in accordance with the prevailing market rate at that time, less any associated selling costs. Cantor Fitzgerald may impose a fee of up to 1% to process any early encashment of your investment where such early encashment is possible. We would need to receive signed written instructions from the relevant authorised signatories to process any possible early encashment of your investment. Any early encashments will be done on a best efforts basis. How can you invest? This Bond is available to Professional Credit Union Clients. The Credit Union Fixed Income Bond IV is only available for a limited period until 14th September 2015 or earlier if fully subscribed. The minimum investment is 250,000 and in additional units of 10,000.00 thereafter. If you are not an existing customer you will need to open an account with Cantor Fitzgerald and provide us with the documentation as per the Checklist at the back of this brochure, together with a funds transfer to the bank details on the application form, ensuring to give the investor name as a reference with the fund transfer. If you have any doubts about this product, or if you are unsure that it meets your needs, please contact Cantor Fitzgerald. What about tax? Any gains made from the investment by non taxable investors may be free of tax. If you are unsure of your tax status or require further information, please contact your local tax office and/or refer to the Revenue Commissioners website, www.revenue.ie. Cantor Fitzgerald Ireland Ltd. do not provide tax advice. Independent tax advice should be sought by each investor. How can I obtain a copy of the Terms & Conditions relating to the Bond? You can obtain a copy of the Terms and Conditions relating to this securities note and any further information about the investment product on request from Cantor Fitzgerald Ireland Limited. Who should invest in the Bond? The Credit Union Fixed Income Bond IV is designed for Professional Clients (Credit Unions only) with at least 250,000 to invest, that want a minimum return. It is an alternative for those who typically invest some or all of their investment portfolio in structured products, notes and bonds. The Bond is designed for investors who are willing to take exposure to both Credit Suisse AG and Raiffeisen Bank International AG and who do not require access to their money for 7 Years. If you are unsure if you meet the definition of a Professional Client as defined under Schedule 2 of MiFId, you should talk to Cantor Fitzgerald. What happens when the account matures? Cantor Fitzgerald Ireland Limited, will contact you at least 30 days prior to the Maturity date of the Investment. A bank transfer or cheque may be issued to you for the appropriate return of your capital together with any Investment Return due within 5 business days of the maturity date. What risks are attached to the Bond? Please refer to page 7 What risks should be considered before investing? PAGE 12

disclaimer: This Brochure has been prepared and distributed by Cantor Fitzgerald Ireland Limited ( Cantor ) for information purposes only and is intended for transmission to professional Credit Union clients of Cantor. This communication is not intended nor should it be distributed to any investors who are not classed as professional under the European Communities (Markets in Financial Instruments) Regulation 2007 (MiFId). It is not intended and does not constitute personal recommendations nor provide the sole basis for any evaluation for the securities discussed. Cantor recommends that specific advice should always be sought prior to investment, based on the particular circumstances of the Credit Union. The Credit Union Fixed Income Bond IV is not sponsored, endorsed or promoted by Credit Suisse AG or any of its subsidiaries or affiliates. Credit Suisse AG makes no representation or warranty, express or implied, to any person, including without limitation, any potential investor and any member of the public regarding the advisability of investing in securities generally or in the Credit Union Fixed Income Bond IV or any return that may be obtained from investing in the Credit Union Fixed Income Bond IV. All of the details set out in this sales brochure pertaining to the Securities comprise a mere summary, and are not a complete description of the Securities. Investors should read all of the details pertaining to the Securities and associated terms & conditions applicable to the Bonds, documented in the Credit Suisse Securities note which shall embed the General Terms and Conditions of notes set out in the Credit Suisse note Programme Memorandum dated 9th July 2015 (the Programme Memorandum ), the Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ). This is obtainable on request from Cantor Fitzgerald Ireland Ltd. This sales brochure has not been prepared or reviewed by Credit Suisse AG [the issuer of the underlying securities] or any of its affiliates and neither Credit Suisse AG [the issuer of the underlying securities] nor any of its affiliates or any of its directors, officers or agents accept any responsibility or liability for the contents of this sales brochure. For the avoidance of doubt, investors are the clients of Cantor Fitzgerald Ireland Ltd. no Investor or other customer of Cantor Fitzgerald Ireland Ltd. shall become a direct or indirect customer of Credit Suisse AG or any of its affiliates by subscribing for or purchasing Securities. The Credit Union Fixed Income Bond IV is not sponsored, endorsed or promoted by Raiffeisen Bank International AG or any of its subsidiaries or affiliates. Raiffeisen Bank International AG makes no representation or warranty, express or implied, to any person, including without limitation, any potential investor and any member of the public regarding the advisability of investing in securities generally or in The Credit Union Fixed Income Bond IV or any return that may be obtained from investing in the Bond. PAGE 13

Terms and Conditions 1. Definitions: The following definitions apply to these Terms and Conditions and the contents of this brochure: Account means a Cantor Fitzgerald Ireland Limited Client Account in which your funds are administered for the term of your investment. Bank means Credit Suisse AG and its successors, assigns and transferees. Bond Means The Credit Union Fixed Income Bond IV. Bond Issuer : Credit Suisse AG (London) Rated A1/A). Calculation Agent : Credit Suisse International, London. Cantor Fitzgerald Ireland Limited means Cantor Fitzgerald Ireland Limited its successors, assigns and transferees. Cantor Fitzgerald Ireland Limited is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Limited is a member of the Irish Stock Exchange and the London Stock Exchange. Capital Protection. 100% of the capital invested will be repaid to investors at the maturity, but all capital and returns are subject to the credit risk of Credit Suisse and Raiffeisen Bank International AG. If either Credit Suisse or Raiffeisen Bank International AG defaults on Senior debt you will lose some or even all of the capital invested and your investment returns. Should you surrender your Bond early, you will receive the price offered by the Issuer on the secondary market for the Bond less any encashment costs, which may be less than you originally invested. This investment is in the form of a senior Bond issued by Credit Suisse AG (London Branch) which includes a financial derivative linked to the credit exposure of Raiffeisen Bank International AG senior debt. CAR means Compound Annual Return. CDS or Credit Default Swap : A credit default swap is a credit derivative contract, where the purchaser of the swap makes payments up until the maturity date of a contract. Payments are made to the seller of the swap. In return, the seller agrees to pay off a third party debt if this party defaults on the loan. A CdS is considered insurance against nonpayment. The buyer of a credit default swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the debt security. In doing so, the risk of default is transferred from the holder of the fixed income security to the seller of the swap. Change in law means any change in any law or regulation (including tax law) occurs or there is a change in the interpretation by the courts or regulator or similar authority of any such law that, in the view of the Bank and Cantor Fitzgerald Ireland Limited, would make it illegal for the Bank to hold hedge positions related to the Bond. Closing Date means 14th September 2015. Currency : EUR; Derivative Counterparty : Credit Suisse International, London. Distributor : Cantor Fitzgerald Ireland Limited ("Cantor Fitzgerald Ireland") and its successors, transferees and assigns. Cantor Fitzgerald Ireland Limited is a Cantor Fitzgerald Company. Cantor Fitzgerald Ireland Limited Ltd is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Limited is a member firm of the London Stock Exchange and the Irish Stock Exchange. Financial Advisor means Cantor Fitzgerald Ireland Limited or a regulated firm that is authorised by the Central Bank of Ireland to give investment advice and which is an appointed agent of Cantor Fitzgerald Ireland Limited. Hedging Disruption Event means any event which, in the Bank s reasonable opinion, would make it illegal or commercially unfeasible for the Bank to continue to hedge its obligations in relation to the Bond. ISDA : International Swaps and derivatives Association. ISIN : Available after issue. Interest Accrual Period The period from (and including) the Issue date/payment date to (but excluding) the first Interest Payment date and thereafter from (and including) each Interest Payment date to (but excluding) the next following Interest Payment date. Interest Payment Date(s) Each 21st September commencing on 21st September 2016 and ending on the Maturity date. Investment Amount : Shall mean the amount invested in The Credit Union Fixed Income Bond IV. Investment Return shall mean the investment return payable in respect of the Bond in accordance with Clause 5. Issuer : Credit Suisse AG, acting through its London Branch, London (rated A1/A). Issue Date : 21st September 2015. Issue Price : 100% of the Specified denomination. Lead Manager / Dealer : Credit Suisse International, London. Listing : Application will be made for the Bonds to be listed on the Irish Stock Exchange Regulated Market. Market Disruption Event means any of: a disruption or suspension of, or limitation on, the operations of any of the parties or entities connected with the provision of services affecting the Bond, for any reason whatsoever. Maturity Date means 21st September 2022. Minimum Investment : EUR 250,000 Paying Agent : Bank of new York Mellon, London. PAGE 14

Professional Client : A Professional Client as set out in Schedule 2 of Markets in Financial Instruments Regulations is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. Including, credit institutions, investment firms, other authorised or regulated financial institutions (Credit Unions), insurance companies, collective investment schemes and management companies of such schemes. pension funds and management companies of such funds, commodity and commodity derivatives dealers, locals, other institutional investors. Reference Entity : Raiffeisen Bank International AG provided that, if a Succession Event occurs and a Successor or Successors are determined, each Successor shall be a Reference Entity. Return means the gross return calculated in accordance with Clause 5. Securities Note : The terms and conditions applicable to the Bonds will be documented in a Securities note which shall embed the General Terms and Conditions of notes set out in the Credit Suisse note Programme Memorandum dated 9th July 2015 (the Programme Memorandum ), the Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ). Application will be made by Credit Suisse International, London for the Bonds to be listed on the Irish Stock Exchange Regulated Market. 'Senior Debt': Borrowed money that a company must repay first if it goes out of business. If a company goes bankrupt, senior debt holders are most likely to be repaid, followed by junior debt holders, preferred stock holders and common stock holders. Specified Denomination : EUR 250,000 and integral multiples of EUR 10,000 thereafter. Status of the Bonds : direct, unsecured and unsubordinated obligations of the Issuer. Term means the 7 Year period from and including the Issue date to the Repayment date. You/your means the person(s) (natural or corporate) investing money in the note in accordance with these Terms and Conditions and includes their successors. 2. Availability: (a) The Bond is only available to Credit Unions categorised as professional clients within the meaning of the definition set out under Schedule 2 of MiFId Regulation. The minimum investment is 250,000. (b) The closing date for applications is 14th September 2015 or earlier if fully subscribed. Cantor Fitzgerald Ireland Limited accept no responsibility for applications (i.e. completed application form(s) plus cleared funds and any other appropriate documentation if required) until they are physically received. Applications will not be accepted after the closing date. (c) All payments in relation to the Bond will be denominated in Euro. Cash cannot be accepted in any circumstances. (d) no return will be paid to you in the period up to the Issue date of 21st September 2015. e) Cantor Fitzgerald Ireland Limited reserves the right to close the offer of the Bond at any time prior to the Closing date. Prior to submitting your application, please confirm with Cantor Fitzgerald Ireland Limited that the Bond is still available. 3. Documentation Requirements: You are required to provide the documents as outlined in the Investment Checklist. 4. Your Investment: Your investment will be initially lodged to your account with Cantor Fitzgerald and your funds will be held by our custodian Pershing Securities International Ltd. a subsidiary company of the AA Bank of new York Mellon in an individual account in your name. Before the issue date Funds will transferred to Credit Suisse AG and will be held by Credit Suisse AG until the maturity date. At the Regular Income Payment dates and at the maturity date funds will be transferred back to your account in Cantor Fitzgerald and will be held in custody for investors by Pershing Securities International Ltd. We will advise you of the amount of funds received and request your instructions at that time. 5. Returns: The potential Final Investment Return payable will be determined on the Maturity date of the Bond. Unless previously redeemed, and provided that no Credit Event determination date (as such term is defined in the Additional Terms and Conditions for Credit Linked notes) has occurred, on each Return Payment date, the Issuer shall pay to the noteholders, for each Bond, an amount determined by the Calculation Agent as follows: Year Payment Dates Fixed Coupon Amount Year 1 21st September 2016 2.7% Year 2 21st September 2017 2.7% Year 3 21st September 2018 2.7% Year 4 21st September 2019 2.7% Year 5 21st September 2020 2.7% Year 6 21st September 2021 2.7% Year 7 21st September 2022 2.7% Payments will be paid within five business days of the relevant Anniversary date provided that if such a day is not a business day, payment will be made on the next business day. Provided that if one or more Credit Event determination date(s) occur(s) (as such term is defined in the Additional Terms and Conditions for Credit Linked notes), on each Return Payment date, the Issuer shall pay to the Bondholders, for each note, an amount determined by the Calculation Agent as follows: 0% Unless previously redeemed, and provided that no Credit Event determination date (as such term is defined in the Additional Terms and Conditions for Credit Linked notes) has occurred, the Issuer shall redeem the Bonds on the Maturity date, in accordance with the following provisions in respect of each Bond: PAGE 15

Provisions relating to Redemption: Final Redemption Amount: The Bonds shall be redeemed at par on the Scheduled Maturity date provided that the Conditions to Settlement have not been satisfied. If the Conditions to Settlement have been satisfied, in accordance the terms and conditions of the securities note with the Credit Suisse Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ), the Bonds shall be redeemed at the Credit Event Redemption Amount on the Credit Event Redemption date. Redemption Amount following satisfaction of Conditions to Settlement: If the Conditions to Settlement have been satisfied, in accordance with the terms and conditions of the securities note and the Credit Suisse Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ), the Bonds shall be redeemed at the Credit Event Redemption Amount on the Credit Event Redemption date. Your Investment is for a period of 7 Years. If any date mentioned in this Clause 5 does not fall on a day on which banks are open for business in London and dublin, unless otherwise stated, the next following day on which they are open will be used in its place. The Investment Return earned on the Bond will be dependent on fluctuations in financial markets that are outside Cantor Fitzgerald Ireland Limited and the Bank s control. Warning: Past performance is not a reliable guide to future performance. The value of your investment may go down as well as up. You may get back less than you invest. Warning: This investment is in the form of a senior Bond issued by Credit Suisse AG which includes a financial derivative linked to the credit exposure of Raiffeisen Bank International AG Senior Debt. If either Credit Suisse AG or Raiffeisen Bank International AG defaults on Senior Debt or has a credit event you will lose some or even all of the capital invested and any unpaid fixed coupons. The return of capital and the Investment Return is provided from the payout of financial derivatives provided by Credit Suisse before the Start date. Any return is conditional on the fulfillment of the Counterparty s obligations. In certain, albeit unexpected circumstances, the Counterparty may terminate or default on the derivative contract before its natural expiry. If this were to happen, the return on the Bond to such termination will be calculated using best market practice and no return will be earned on the Bond. In the event that the Counterparty does not meet its obligations, or if Credit Suisse AG or Raiffeisen Bank International AG were to default or have a credit event, Cantor Fitzgerald Ireland Limited will not be liable for any special, incidental, punitive, indirect or consequential damages or losses of any kind incurred by you arising out of or in connection with the Bond. 6. Withdrawals: The Investment in The Credit Union Fixed Income Bond IV is designed to be held for the 7 Year Term. If you need to cash in your investment early, we will endeavour to facilitate your request. However, we cannot guarantee what its value will be at that point and it may be less than you originally invested. We will pay you the value of your investment in accordance with the prevailing market rate at that time, less any associated selling costs. Cantor Fitzgerald may impose a fee of up to 1% to process early encashment. We would need to receive an instruction from you in writing to process the early encashment of your investment. In the case of joint accounts, instructions from all parties will be required. no withdrawals may be made without Cantor Fitzgerald Ireland Limited and Credit Suisse s consent prior to the Maturity date. Such consent will be given entirely at Cantor Fitzgerald Ireland Limited and Credit Suisse s discretion. If you do require access to your Investment before the Maturity date, you will only receive the then present value of your investment less any applicable fees, which may be significantly less than the original investment. 7. Disclaimer: Reference within the Underlying Investment Strategy to particular assets, stocks or indices are included only to indicate the basis upon which the Investment Return is calculated, not to indicate any association between Cantor Fitzgerald Ireland Limited or the Bank and the relevant asset or the relevant index provider, nor does such reference indicate any endorsement of the investment by the relevant provider. The Bond is not in any way sponsored, sold or promoted by any stock market, index, exchange or, index sponsor, and they make no warranty or representation whatsoever, express or implied, either as to the results to be obtained from the use of such stock market and/or the figure at which the stock market, index or exchange stands at any particular time on any particular day or otherwise. They shall not be liable (whether in negligence or otherwise) to you for any error in the relevant stock market, relevant index or related exchange and shall not be under any obligation to advise any person of any error therein. This document has been prepared in order to assist investors to make their own investment decisions and is not intended to and does not constitute personal recommendations. Specifically the information contained in this report should not be taken as an offer or solicitation of investment advice. not all investments are necessarily suitable for all investors and Cantor Fitzgerald Ireland Ltd. recommend that specific advice should always be sought prior to investment, based on the particular circumstances of the investor. This investment is for professional credit union clients only. 8. Tax: Your investment in The Credit Union Fixed Income Bond IV is held in the form of a Senior Bond issued by Credit Suisse AG. Any gains made from the investment by non taxable investors may be free of tax. If you are unsure of your tax status or require further information, please contact your local tax office and/or refer to the Revenue Commissioners website, www.revenue.ie. Cantor Fitzgerald Ireland Limited do not provide tax advice. Independent tax advice should be sought by each investor. PAGE 16

Warning: This is based on our understanding of current tax law and practice which is subject to change without notice in both Ireland and the UK. This information represents our understanding of the taxation treatment of the Note but does not constitute tax advice and investors should not place any reliance on the content herein. Investors should satisfy themselves independently of the taxation treatment of the Note, in relation to Revenue reporting requirements and implications for nondisclosure in their own personal circumstances. 9. Maturity: The proceeds of your investment will be paid shortly after the Maturity date. Cantor Fitzgerald will contact you before the Bond matures, advising you of the forthcoming Maturity date and advising you of your options with respect to the maturing amount. 10. Variation: Cantor Fitzgerald Ireland Limited reserves the right to amend these Terms and Conditions, subject to the written consent of the Bank, during the 7 Year Term of the Bond if there is a material, legal, tax or regulatory change affecting these Terms and Conditions. Cantor Fitzgerald will notify you of any changes at least 30 days in advance of changes taking effect. 11. Fees: Cantor Fitzgerald Ireland Limited receives a fee for distributing the Bond. An authorised financial advisor receives a fee for distributing this Bond. These fees are set out in the Questions and Answers part of this Brochure and are reflected in the terms of the investment. 12. Confidentiality: Cantor Fitzgerald Ireland Limited and the Bank observe a duty of confidentiality about your financial affairs. neither Cantor Fitzgerald Ireland Limited nor the Bank will disclose details of your investment or any personal information name, address, contact information etc., other than to any confidentially appointed agents acting on their behalf or where: They are permitted or compelled by law to do so. disclosure is made at your request and with your consent. There is a duty to the public to disclose. Their legitimate interests require disclosure. 13. Adjustment Events: Should any Market disruption Event, Change in Law or a Hedging disruption Event (each an Adjustment Event ) occur during the 7 Year Term, Cantor Fitzgerald Ireland Limited shall be entitled, after consultation with the Bank and at its absolute discretion, (i) to change the underlying; (ii) to unwind the Bond at the then current market value; (iii) to suspend operations of the Bond during any period in which such event continues and thereafter until the end of the Term; (iv) to adjust any relevant terms of the Bond to preserve the economic equivalent of your investment prior to the occurrence of such Adjustment Event; or (v) to adjust the values used in the calculation of the Investment Return as it deems appropriate, having regard to the Adjustment Event in question. As a result of any such Adjustment Event, the Investment Return (if any) may be lower. In the event of a suspension of the Bond, the Bank shall arrange for the investment accrued to be held on terms to be agreed between Cantor Fitzgerald Ireland Limited and the Bank at their absolute discretion. Cantor Fitzgerald Ireland Limited will notify the investors of the occurrence of any such event in such manner as Cantor Fitzgerald Ireland Limited deem appropriate. neither Cantor Fitzgerald Ireland Limited, the Bank, nor their agent(s) shall be liable for any loss howsoever suffered by the investor if there is any total or partial failure of performance resulting from any such Adjustment Event or any other causes beyond the control of Cantor Fitzgerald Ireland Limited, the Bank or their agent(s). 14. Information: These Terms & Conditions together with the terms and conditions applicable to the Bonds will be documented in a Securities note, which shall embed the General Terms and Conditions of notes set out in the Programme Memorandum dated 9th July 2015 (the Programme Memorandum ), the Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ), (each of which may be obtained from Cantor Fitzgerald Ireland Ltd.) represent the terms of the contract between you and Cantor Fitzgerald Ireland Limited. You acknowledge that your application is made on the basis of and is subject to, these Terms & Conditions and the attached brochure and that you have not relied on any representations or other information (whether oral or written) other than as set forth herein. All information that is supplied to you and all communications with you will be in English. The information contained in this brochure is correct at the date sent to you. 15. Assignment: This Bond may be formally assigned, charged or otherwise taken as security against a loan. 16. Jurisdiction: The Terms and Conditions shall be governed by and construed in accordance with the laws of Ireland and the Courts of Ireland shall have exclusive jurisdiction to resolve any disputes in connection with these Terms and Conditions. 17. Unforeseen Events: (a) Cantor Fitzgerald Ireland Limited reserves the right not to proceed, for whatever reason, with this Bond and to refund your investment. (b) neither Cantor Fitzgerald Ireland Limited nor the Bank nor its agent(s) will be liable for any loss you may suffer if either party or its agent(s) is prevented from providing services to you as a result of industrial action or other cause beyond the reasonable control of either party or its agent(s). (c) Credit ratings and the financial position of the Issuer and or the Reference Entity may change over the investment term. If there is a change in credit ratings or the financial position of the Issuer and or the Reference Entity before the issue date, the decision to proceed with the bond will be entirely at the discretion of Cantor Fitzgerald Ireland Ltd. Cantor Fitzgerald Ireland Ltd. may endeavour to proceed with the investment on a best efforts basis and shall not assume any liability in this this respect. PAGE 17

18. Hedging : If the volume of funds raised for the Bond is insufficient to proceed, or exceeds any pre hedged amounts, or in the event of extreme market volatility, Cantor Fitzgerald Ireland Limited, at its sole discretion and without notice, may withdraw the product, or cease to accept applications for it. After the receipt of a completed application form or an instruction to invest in the bond, any investor or potential investor who then subsequently decides not to proceed with, or to withdraw from the investment for any reason whatsoever, either before or after the Issue date, may then be entirely liable for any hedging costs, breakage costs or bid offer spreads which were incurred by Cantor Fitzgerald in unwinding the position for the investor. Complaints Procedure: While Cantor Fitzgerald Ireland Limited aims to provide its customers with excellent service and products and to meet with customer expectations at all times, the Company acknowledges that from time to time, customers of Cantor Fitzgerald may have reason to express dissatisfaction or make a complaint to the Company about a product or service provided. Should you wish to make a complaint, please put your complaint in writing to the Head of Compliance, Cantor Fitzgerald Ireland Limited, 75 St Stephen s Green, dublin 2. Conflict: In the event of any conflict or disagreement between these Conditions, any term sheet and/or confirmation, these Conditions shall prevail. DATA PROTECTION Cantor Fitzgerald Ireland Limited will be data controller. Your Personal Data 1 Your information Cantor Fitzgerald Ireland Limited is data controller. Please refer to section 2 below for details of how Cantor Fitzgerald Ireland Limited may use your data. Please refer to your broker or intermediary for information on how they will use your information. 2 How Cantor Fitzgerald Ireland Limited uses your information and who we share it with: Cantor Fitzgerald Ireland Limited restricts access to nonpublic information about its clients to those who need to know that information in order to provide products or services. Cantor Fitzgerald Ireland Limited maintains physical, electronic, and procedural safeguards to guard your nonpublic personal information. Please be advised that by formally investing in the Bond, you will be consenting to the transmission of your data outside of the EU/EEA where this is permitted under the data Protection legislation in Ireland. In accordance with the data Protection legislation in Ireland, you are entitled to a copy of the information that Cantor Fitzgerald Ireland Limited holds about you on computer, on payment of a fee which is capped by the data Protection Commissioner of Ireland. In the first instance, you should direct any such request to your broker. Cantor Fitzgerald Ireland Limited, 75 St. Stephen's Green, dublin 2. Ireland. Cantor Fitzgerald Ireland Limited is a Member Firm of The Irish Stock Exchange and The London Stock Exchange. Cantor Fitzgerald Ireland Limited is regulated by the Central Bank of Ireland. Investors should also read the Risk Factors in the Credit Suisse Product Supplement for Credit-linked Securities dated 9th July 2015 (the Credit Product Supplement ). Warning: Should the Reference Entity experience a Credit Event, your initial capital invested will be reduced according to the ISDA defined Recovery Rate. Your entire initial capital invested would be reduced along with any unpaid Fixed Coupons. PAGE 18

Credit linked Provisions Reference CdS For the purposes of the Credit-Linked Provisions, the definitions and provisions contained in the 2014 ISdA Credit derivatives definitions (as published by the International Swaps and derivatives Association, Inc. ( ISdA )) (the Credit derivatives definitions ) are incorporated into the terms and conditions of the Bonds (including the terms and conditions of the Reference CdS further described below). The Equity derivative definitions as published by ISdA are also incorporated in to these Indicative Summary Terms and Conditions. The 2011 ISdA Equity derivative definitions as published by ISdA ( Equity definitions ) are also incorporated in to these Indicative Summary Terms and Conditions. In the event of any inconsistency between the Credit derivatives definitions or the Equity definitions and these Indicative Summary Terms and Conditions, the terms detailed herein shall govern. The return on the Bonds is linked to a hypothetical credit default swap (the "Reference CdS"), summary terms of which are set out below. ISDA Definitions The 2014 ISdA Credit derivatives definitions will apply to the Reference CdS. Scheduled Termination Date 21st September 2022. Floating Rate Payer Calculation Amount Reference Entity Seniority Level Transaction Type Standard Reference Obligation Obligation Category Obligation Characteristics All Guarantees Credit Events Event Determination Date Credit Event Notice Redemption following a Credit Event Settlement Method On any day, this shall be the Principal Amount of the notes outstanding on such day. Raiffeisen Bank International AG provided that, if a Succession Event occurs and a Successor or Successors are determined, each Successor shall be a Reference Entity. Senior European Corporate Applicable Borrowed Money none Applicable Bankruptcy, Failure to Pay, Governmental Intervention and Restructuring (Multiple Holder Obligation: Applicable, Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation: Applicable). As defined in accordance with Section 1.16 of the Credit derivative definitions: (a) the Credit Event Resolution Request date, or (b) subject to certain conditions, the date on which a Credit Event notice is given (and if applicable, notice of Publicly Available Information). A notice of the occurrence of a Credit Event given by the Calculation Agent at any time prior to the later of: (i) the Scheduled Maturity date and (ii) if applicable, the Extended Maturity date. If an Event determination date occurs under the Reference CdS, the Paying Agent (under instruction from the Issuer), shall give notice to note holders and: (i) from and including the Interest Payment date immediately preceding the Event determination date (or from and including the Payment date as the case may be), the Interest Amount shall cease to accrue and thereafter no payment of Interest Amount or Redemption amount shall be due on the notes; (ii) the notes shall redeem by payment of the Post-Event Amount on a date falling at the later of the Maturity date, and 10 Business days following the Auction Final Price determination date under the Reference CdS (or the date on which the Final Price is determined if Fallback Settlement Method applies). Auction Settlement. PAGE 19

Fallback Settlement Method Cash Settlement. notwithstanding the designated Settlement Method being Auction Settlement, the Fallback Settlement may apply in certain circumstances including inter alia: (1) where an Auction is cancelled; or (2) where ISdA publicly announces that the relevant Credit derivatives determinations Committee has resolved that no Auction will be held or that it will not determine if a Credit Event has occurred; or (3) where an Event determination date has occurred and no Credit Event Resolution Request date has occurred within 3 Business days of such Event determination date. If Fallback Settlement applies, the notes will still be redeemed as specified under Redemption following a Credit Event but in calculation of the Post-Event Amount, the Final Price shall be determined by the Calculation Agent in accordance with the terms and conditions of the notes. The Calculation Agent shall attempt to obtain quotations in respect of any combination of the obligations of the Reference Entity, which may be direct loans, bonds or other obligations issued directly by the Reference Entity or obligations in respect of which the Reference Entity acts a guarantor, which the Calculation Agent determines would be eligible for delivery in settlement of the Reference CdS (each selected obligation, a Valuation Obligation ) from five or more third party dealers in obligations such as the selected Valuation Obligations, as selected by the Calculation Agent. Post-Event Amount In respect of each note, an amount, floored at zero and equal to: (a) the outstanding nominal amount of each note; multiplied by (b) Auction Final Price (or Final Price if Fallback Settlement Method applies). PAGE 20

Application Form Please complete all sections in full. Professional Credit Union Investors Only - Please complete all sections in BLOCK CAPITALS. Please note that by signing this Application Form, you are confirming that you have read and understood the material in this Brochure and the General Terms and Conditions of Bonds set out in the Credit Suisse Programme Memorandum dated 9th July 2015 and the Credit Suisse Product Supplement for Credit-linked Securities dated 9th July 2015.If you are unclear about any of the information presented in this Brochure or about this investment, please seek further advice before completing this Application Form. Please return completed form along with your Bank Transfer (Relevant Bank details are below). Prior to any transaction being entered into, a completed Application Form, together with the relevant documentation as specified in Terms and Conditions must be received. My Cantor A/c number is: OR we are setting up a new Cantor Fitzgerald Ireland Ltd. account and will complete relevant a/c opening form for Credit Unions / Corporates and submit it with this application: We hereby apply for the Credit Union Fixed Income Bond IV in the name(s) of: Credit Union: Address: Primary Contact name: Second Contact name: Bank details for repayments: A/c Name: IBAN: BIC: Investment Type: Please tick the appropriate box Credit Union Investment: Other (please specify): Total Investment We are investing this amount by Electronic Funds Transfer Please use the Ulster Bank details below for any Electronic Fund Transfers to your account in Cantor Fitzgerald Ireland Ltd. Please do not transfer funds until your Cantor Fitzgerald account is open as you need an account number reference Pay to: Ulster Bank Account Name: Pershing Securities International Ltd.S52. Sort Code: 98-50-10 Account No: 31911845 SWIFT Code: ULSBIE2D IBAN: IE72ULSB98501031911845 Reference: Client Name & A/c Number. (All transfers must include client name & Cantor A/c number as a reference). Declaration: We declare that: i. The details contained in this product application form are correct. ii. We understand and accept the terms and conditions of the Bond as set out in this brochure and those which govern our account with Cantor Fitzgerald Ireland Limited ( Cantor ). iii. The Credit Union is a Professional Client as defined in Schedule 2, Paragraph 2 of the Markets in Financial Instruments directive Regulations 2007 and therefore possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. iv. This investment is consistent with the investment objectives of the Credit Union We understand that the investment in the Bond will not be deemed to have been made until the application has been accepted by Cantor. If accepted, the Bond will issue on the 21st September 2015. We hereby request and authorise you a) to place our Capital Investment in a Bond Issued by Credit Suisse and B) where we do not already have an account with Cantor, to open an account in Cantor Fitzgerald Ireland Ltd for the purposes of administering the bond. Giving your consent: By signing this application I am agreeing that Cantor Fitzgerald Ireland Limited may use our information in the way described in this form and in the associated Terms and Conditions. Primary authorised signatory: Secondary authorised signatory: Date: Date: N.B. Authorised Signatories must be the same as the Authorised Signatories on file with Cantor Fitzgerald Ireland Ltd. Advisor Declaration (if applicable): I/We confirm the following: This Bond is consistent with the investor s investment objectives and risk appetite. I/We can confirm that I/We have complied with legislative requirements as set out under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 & Criminal Justice Amendment Act 2013. Advisor Firm Name: Advisor Signature: Print Advisor Name: Date: Cantor Fitzgerald Ireland Ltd. 75 St. Stephen s Green, Dublin 2, Ireland. Tel: +353 1 633 3669. Fax : +353 1 633 3857/633 3856.

Checklist for Investors Credit Unions: Please complete the attached application form in full. If the credit union does not have an existing account with Cantor Fitzgerald a Cantor Fitzgerald Credit Union Account Opening Application will also be required. Please include a copy of the Credit Union Annual Report with the account opening document. Please include a Current list of Authorised Signatories for the Credit Union. Advisor Declaration: The advisor declaration on the bottom of the application form should only be completed by an advisor if a regulated investment advisor has been involved in the sales process, otherwise this section can be completed by Cantor Fitzgerald Ireland Limited on receipt of your application. Please ensure to return well before the closing date by emailing creditunion@cantor.com or by contacting a member of our dedicated Credit Union Services team on 01 633 3800. PAGE 22

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DUBLIN: 75 St. Stephen s Green, dublin 2, Ireland. Tel : +353 1 633 3669. Fax : +353 1 633 3856/+353 1 633 3857. email : creditunion@cantor.com web : www.cantorfitzgerald.ie Cantor Fitzgerald Ireland Ltd (Cantor) is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Ltd is a member firm of the Irish Stock Exchange and the London Stock Exchange.