Bond Swiss Credit 0% ( US22550F8234 ) in USD

Issuer	Swiss Credit
Market price	28.4 % ▲
Country	Switzerland
ISIN code	US22550F8234 ( in USD )
Interest rate	0%
Maturity	30/08/2029
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	8 375 000 USD
Cusip	22550F823
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 instrument, identified by ISIN US22550F8234 (CUSIP: 22550F823), is a bond issued by Credit Suisse, a venerable Swiss global investment bank and financial services firm that historically served as a cornerstone of the Swiss financial landscape, but underwent a period of significant operational and financial challenges culminating in its emergency acquisition by rival UBS Group AG in March 2023. This specific obligation, denominated in USD and originating from Switzerland, is set to mature on August 30, 2029; with a stated interest rate of 0% and a current market price of 28.4% of its nominal value, the bond's valuation strongly reflects the issuer's distressed financial history, indicative of a security whose coupon payments may have been suspended or written down, or a zero-coupon bond trading at a steep discount due to heightened credit concerns, despite a listed semi-annual payment frequency which would typically apply to coupon distributions. The total issue size for this bond stands at $8,375,000, with a minimum purchase amount of $1,000.