Bond Swiss Credit 0% ( XS2340961338 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2340961338 ( in USD )
Interest rate	0%
Maturity	13/06/2024 - Bond has expired
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Minimal amount	200 USD
Total amount	180 000 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. A fixed-income instrument, specifically an bond identified by ISIN XS2340961338, was issued by Credit Suisse, a prominent Swiss multinational investment bank and financial services company that, until its acquisition by UBS Group AG in June 2023, operated globally across investment banking, private banking, and asset management. Originated from the United Kingdom, this USD-denominated obligation was observed at a market price of 100% upon its conclusion. Notably, the bond featured a zero-percent interest rate, suggesting a structure likely centered on principal repayment or a discount mechanism, with a total issuance size amounting to USD 180,000 and a minimum acquisition size set at USD 200. Its maturity date was June 13, 2024, and the payment frequency was specified as two. This particular obligation has successfully reached its maturity and has been fully redeemed.