Bond Swiss Credit 0% ( XS2309502701 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2309502701 ( in USD )
Interest rate	0%
Maturity	30/03/2026
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Minimal amount	1 000 USD
Total amount	9 500 000 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. An outstanding debt instrument issued by Credit Suisse, the venerable Swiss financial institution now integrated into UBS Group AG following its recent acquisition, is detailed by the ISIN code XS2309502701. This specific bond, originating from the United Kingdom and denominated in USD, currently trades at par, reflecting a market price of 100%. Characterized by a 0% interest rate, classifying it as a zero-coupon instrument, the bond matures on March 30, 2026. The total issue size for this security stands at $9,500,000, with a minimum purchase requirement of $1,000. Despite its zero-coupon nature, the bond's payment frequency is noted as semi-annual, a convention often relevant for the calculation basis of its yield to maturity.