Bond Swiss Credit 0% ( XS2270161677 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2270161677 ( in USD )
Interest rate	0%
Maturity	15/12/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	1 138 000 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 Credit Suisse bond, identified by ISIN XS2270161677, was a USD-denominated debt instrument issued out of the United Kingdom by Credit Suisse, a formerly global financial services company headquartered in Switzerland renowned for its investment banking and wealth management services prior to its acquisition by UBS Group AG. This specific issuance had a total volume of 1,138,000 USD, with a minimum purchase increment set at 1,000 USD. Notably, the bond featured a 0% interest rate, indicating it was a non-coupon bearing instrument where investor returns were predicated on its par redemption value rather than periodic interest distributions, despite an indicated payment frequency of twice per year. With a maturity date of December 15, 2023, this obligation has successfully reached its full term and has been fully redeemed at its 100% principal value, concluding its lifecycle for investors.