Bond Swiss Credit 0% ( XS2428988427 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2428988427 ( in USD )
Interest rate	0%
Maturity	12/02/2027
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Minimal amount	250 USD
Total amount	325 000 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 analysis focuses on a bond identifiable by ISIN XS2428988427, issued by Credit Suisse and originating from the United Kingdom. This specific fixed-income instrument is currently trading at 100% of its face value in the market, denominated in US Dollars (USD), and notably features a 0% interest rate, categorizing it as a zero-coupon bond set to mature on February 12, 2027. While a payment frequency of two times per year is indicated, this pertains to the underlying nominal structure rather than actual coupon payments due to the zero-interest nature of the security. The total size of this bond issuance amounts to $325,000, with investors able to acquire a minimum of $250 per transaction. The issuer, Credit Suisse, was historically a leading global investment bank and financial services firm based in Switzerland, with a significant presence across wealth management, investment banking, and asset management sectors worldwide. Following a period of substantial financial challenges and strategic restructuring, Credit Suisse was acquired by its major Swiss rival, UBS, in a significant transaction finalized in 2023, leading to the integration of its operations and legacy into the broader UBS entity. This acquisition means that while the bond retains its original issuer name, its obligations are effectively supported by the consolidated UBS group.