Bond Swiss Credit 0% ( XS2188648484 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2188648484 ( in USD )
Interest rate	0%
Maturity	01/07/2024 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	200 USD
Total amount	1 000 000 USD
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. The zero-coupon bond identified by ISIN XS2188648484, issued by Credit Suisse, has recently reached its maturity date of July 1, 2024, and has been fully repaid to investors at its par value of 100%. This financial instrument, denominated in USD and issued in the United Kingdom, was characterized by its 0% interest rate, meaning it did not provide periodic coupon payments but was designed to return the principal amount upon maturity. The total issuance size for this particular security was USD 1,000,000, with a specified minimum purchase size of USD 200. Credit Suisse, the issuer, was historically a globally significant financial services company based in Switzerland, known for its extensive operations in investment banking and wealth management before its acquisition by UBS in 2023. The successful repayment of this bond confirms the completion of its lifecycle, providing principal recovery for its holders.