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ItalianoBond Credit Suisse (Bahamas) Limited 0% ( US22550WHP59 ) in USD
| Issuer | Credit Suisse (Bahamas) Limited | ||||||||
| Market price | 127.28 % ⇌ | ||||||||
| Country |  Switzerland
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| ISIN code |
 US22550WHP59 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 01/04/2024 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||||
| Total amount | 2 054 000 USD | ||||||||
| Cusip | 22550WHP5 | ||||||||
| Standard & Poor's ( S&P ) rating | N/A | ||||||||
| Moody's rating | NR | ||||||||
| Detailed description |
Credit Suisse (Bahamas) Limited was a subsidiary of Credit Suisse AG, providing wealth management and related financial services to high-net-worth individuals and institutional clients in the Bahamas. A detailed financial overview is presented for a recently matured debt instrument, identified by ISIN US22550WHP59 and CUSIP 22550WHP5. This bond, which has completed its lifecycle, was issued by Credit Suisse (Bahamas) Limited, a financial entity based in The Bahamas that served as a subsidiary of the globally recognized Credit Suisse Group AG, a major player in the international banking and financial services sector whose operations are now largely integrated into UBS Group AG. Despite the issuer's Bahamian domicile, the country of issuance for this specific obligation was Switzerland. The bond, denominated in United States Dollars (USD), carried a total issuance size of USD 2,054,000, with a minimum purchase denomination set at USD 1,000. A distinctive feature of this particular security was its zero-coupon structure, reflected by a 0% interest rate, meaning investors did not receive periodic interest payments throughout its life; instead, the return was embedded in the bond's discount or principal repayment at maturity, with a stated payment frequency of 2. This debt instrument successfully reached its scheduled maturity date on April 1, 2024, at which point it was fully redeemed at par, evidenced by its market price prior to redemption standing at 100% of its face value. Furthermore, the bond's credit risk profile, as assessed by Moody's, was designated as 'NR' (Not Rated), indicating that Moody's did not assign a public credit rating to this specific security. |
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