Bond Swiss Credit 0% ( XS2198084530 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	Switzerland
ISIN code	XS2198084530 ( in USD )
Interest rate	0%
Maturity	04/08/2025
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Minimal amount	1 000 USD
Total amount	6 026 000 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. This financial article details a specific bond issuance, identified by ISIN code XS2198084530, originating from Credit Suisse, a historically significant Swiss-based global financial services company renowned for its banking, wealth management, and investment banking operations, which has recently undergone a notable acquisition by UBS. This particular bond, denominated in USD, is currently valued at its par market price of 100%, and is structured as a zero-coupon instrument, implying an annual interest rate of 0% where investors anticipate receiving the full face value at its August 4, 2025 maturity instead of periodic interest payments; the total issuance size for this bond amounts to $6,026,000, with a minimum purchase threshold set at $1,000, and although a payment frequency of two is indicated, typical for semi-annual distributions, for this zero-coupon bond, it inherently signifies the singular principal repayment at its maturity.