Business: VelocityShares VIX Short Term Exchange Traded Note (ETN) linked to the S&P 500 VIX Short-Term Futures Index due 12/4/2030 are senior, unsecured debt securities, medium-term notes, issued by Credit Suisse AG acting through its Nassau Branch. INVESTMENT OBJECTIVE: The VelocityShares VIX Short Term ETN linked to the S&P 500 VIX Short-Term Futures Index's return is linked to the daily performance of the S&P 500 VIX Short-Term Futures Index ER less the investor fee. The ETNs provide traders with an exchange traded instrument enabling them to efficiently express their market views on the short-term futures contracts on the CBOE SPX Volatility Index (the VIX). The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a volatility index. INDEX DESCRIPTION: The S&P 500 VIX Short-Term Futures Index ER was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The Index targets a constant weighted average maturity of 1 month. RETURNS AND MATURITY: The return on the Securities may be positive or negative, and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If your ETNs have not been previously redeemed or accelerated, on the Maturity Date, December 4, 2030, you will receive for each $100 stated principal amount of your ETNs (for each $10 stated principal amount in the case of Inverse VIX Short Term ETNs and for each $12.50 stated principal amount in the case of Inverse VIX Medium Term ETNs) a cash payment equal to the applicable Closing Indicative Value on the Final Valuation Date. REDEMPTION AND FEES: If you elect to offer your ETNs for redemption you will receive a cash payment per ETN on the Early Redemption Date equal to the Early Redemption Amount minus the early redemption fees. You must redeem at least 25,000 Securities at one time and agree to the redemption procedures in order to exercise your right to redeem your Securities on any redemption date. The investor fee is 0.89% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.