Bond UBSL 0% ( US90288Q2214 ) in USD

Issuer	UBSL
Market price	4.11 % ▼
Country	Switzerland
ISIN code	US90288Q2214 ( in USD )
Interest rate	0%
Maturity	29/12/2020 - Bond has expired
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Minimal amount	1 000 USD
Total amount	250 000 USD
Cusip	90288Q221
Detailed description	UBS London Branch operates as a significant subsidiary of UBS Group AG, providing a wide range of investment banking, wealth management, and asset management services to clients in the UK and internationally. An analysis of the US90288Q2214 bond, a USD-denominated obligation identified by its CUSIP code 90288Q221, reveals its historical characteristics as a zero-coupon instrument issued by UBS (London Branch), a significant operational arm of UBS Group AG, a prominent global financial services firm headquartered in Switzerland, which was the stated country of issuance for this particular bond. With an initial total issuance size of 250,000 units (representing USD 250,000 in face value) and a minimum purchase size of 1,000 units, this bond notably carried a 0% interest rate, signifying its structure as a zero-coupon product where investor returns were fundamentally derived from the discount at which it was acquired relative to its par value at maturity; although a historical "current market price" of 4.11% was indicated?likely reflecting a past yield or deeply discounted trading value before its redemption?and a payment frequency of 2 was noted, the core nature remained a zero-coupon bond culminating in a singular principal repayment. This obligation reached its definitive maturity on December 29, 2020, and has since been fully redeemed, confirming the complete repayment of principal to its bondholders.