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ItalianoBond Swiss Credit 0% ( US22548Y5877 ) in USD
| Issuer | Swiss Credit |
| Market price | 15.58 % ⇌ |
| Country |  Switzerland
|
| ISIN code |
 US22548Y5877 ( in USD )
|
| Interest rate | 0% |
| Maturity | 30/06/2023 - Bond has expired |
|
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| Minimal amount | 1 000 USD |
| Total amount | 15 534 000 USD |
| Cusip | 22548Y587 |
| Detailed description |
Credit Suisse was a global investment bank and financial services company headquartered in Zurich, Switzerland, that was acquired by UBS in March 2023 following a significant financial crisis. This financial analysis reviews the US22548Y5877 (CUSIP: 22548Y587) bond, a USD-denominated zero-coupon debt instrument issued from Switzerland by Credit Suisse, a prominent global investment bank and financial services firm that underwent an acquisition by UBS in June 2023 amidst significant market turbulence. With a total issue size of $15,534,000 and a minimum purchase increment of $1,000, this specific bond was characterized by a 0% interest rate, meaning it paid no periodic coupons, making any reference to a payment frequency of two irrelevant. Despite a market notation of 15.58% at a point in time, the critical status of this security, which reached its scheduled maturity date on June 30, 2023, is that it has been confirmed as fully matured and repaid to bondholders, thereby concluding its financial lifecycle. |