Credit Event

Credit Suisse Group AG

Has a Governmental Intervention Credit Event occurred with respect to Credit Suisse Group AG?

The EMEA DC has made its determination in respect of Subordinated Transactions on either the Standard European Financial Corporate Transaction Type or the Standard European CoCo Financial Corporate Transaction Type that specify Credit Suisse Group AG as the Reference Entity. The DC determined that no Governmental Intervention Credit Event has occurred in respect of such Transactions.

DC Question:

The Eligible Market Participant who submitted the question noted that in order to determine the DC Question the EMEA DC would need to determine whether the AT1 bonds were Not Subordinated to the Reference Obligation or the Prior Reference Obligation and asks the EMEA DC to consider this point in connection with the DC Question.

The Eligible Market Participant provided the following documents in support of their question: