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.
This financial analysis details a specific debt instrument, the USD-denominated bond identified by ISIN US22552FX989 (CUSIP: 22552FX98), issued by Credit Suisse (Bahamas) Limited. Credit Suisse (Bahamas) Limited functions as a key subsidiary within the globally recognized Credit Suisse Group, a prominent Swiss-based multinational investment bank and financial services company. As an entity operating from the Bahamas, this subsidiary likely played a role in the group's broader funding strategies or specialized financial product offerings, leveraging the operational characteristics of international financial centers while remaining an integral part of the larger Credit Suisse banking framework originating from Switzerland. This particular obligation, a bond type, was characterized by a total issue size of USD 950,000, with a minimum investment size set at USD 1,000. Crucially, the bond carried a stated interest rate of 0%, indicating its structure as a zero-coupon instrument where investor returns are typically derived from the discount at which the bond is initially purchased compared to its full face value repayment at maturity. The bond's market price was observed at 100% as it approached its scheduled maturity date of March 24, 2021. On this date, the principal amount was fully redeemed and repaid to all bondholders, successfully concluding its lifecycle consistent with its par value trading prior to maturity.
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US22552FX989 ( in USD )
