Bond Swiss Credit 0% ( XS2349878871 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2349878871 ( in USD )
Interest rate	0%
Maturity	28/06/2024 - Bond has expired
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Minimal amount	250 USD
Total amount	125 000 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 specific fixed-income instrument, identified by ISIN XS2349878871 and issued by Credit Suisse ? a once-prominent global financial services company based in Switzerland, renowned for its extensive operations in investment banking, private banking, and asset management prior to its recent acquisition by UBS Group AG following significant financial challenges ? has officially concluded its lifecycle, having matured and been fully redeemed on June 28, 2024. This USD-denominated bond, which originated from the United Kingdom, was observed to be priced at 100% of its par value on the market at the point of redemption, indicating its repayment at face value. While carrying a 0% interest rate and being part of a total issuance volume of 125,000 units, with a minimum purchase threshold of 250 units, its noted historical payment frequency of 2 became moot upon its final amortization, marking the completion of its investment term.