Bond Swiss Credit 0% ( XS2321615317 ) in USD

Issuer	Swiss Credit
Market price	100 % ▲
Country	Switzerland
ISIN code	XS2321615317 ( in USD )
Interest rate	0%
Maturity	08/04/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	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 examination of a specific debt instrument, ISIN XS2321615317, issued by Credit Suisse, a venerable Swiss global financial services firm historically renowned for its comprehensive offerings in wealth management, investment banking, and asset management, provides insight into its lifecycle completion. This particular bond, originating from Switzerland and denominated in United States Dollars (USD), represented a total issuance size of USD 500,000, with a minimum purchase increment of USD 1,000. Noteworthy is its reported interest rate of 0% and a previously indicated payment frequency of two, though these aspects are now superseded by its final status. The bond officially reached its maturity date on April 8, 2024. At the point of its maturity, the instrument was trading at 100% of its par value on the market. Importantly, the bond has been fully redeemed, confirming the complete repayment of principal to its bondholders and marking the successful conclusion of this obligation by the issuer.