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ItalianoBond Credit Suisse 0% ( XS2277429259 ) in USD
| Issuer | Credit Suisse | ||||||||
| Market price | 103.37 % ⇌ | ||||||||
| Country |  Switzerland
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| ISIN code |
 XS2277429259 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 29/01/2024 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||||
| Total amount | 500 000 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 of the **XS2277429259 bond**, issued by **Credit Suisse**, reveals its recent full redemption following its maturity. This financial instrument, a bond originating from **Switzerland**, was denominated in **USD**. Historically, Credit Suisse stood as a venerable global financial services institution, one of Switzerland's most prominent banks with extensive operations spanning wealth management, investment banking, and asset management worldwide. For over 160 years, it was a pillar of the international banking system. However, in its later years, the institution encountered significant financial difficulties and a series of high-profile events that ultimately led to its emergency acquisition by rival UBS Group AG in March 2023, a move orchestrated by Swiss authorities to ensure financial stability. This acquisition profoundly reshaped the Swiss and global banking landscapes, with Credit Suisse now operating as a subsidiary of UBS. Regarding the specific details of the XS2277429259 bond, it carried an original issuance size of **USD 500,000**, with a minimum purchase increment set at **USD 1,000**. Notably, the bond had an stated interest rate of **0%**, suggesting it was either a zero-coupon instrument or a specific structure where interest payments were not applicable in the traditional sense, with its value realized through principal repayment. Its "current market price" recorded at **100%** reflects its full redemption at par. While a payment frequency of **2** (semi-annual) was indicated, for an instrument with a 0% interest rate that has matured, this primarily pertains to the mechanism of principal return. The bond reached its **maturity date on January 29, 2024**, and as confirmed by the issuer, it has been **fully redeemed**, ensuring that investors received their principal at par. |
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