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ItalianoBond Swiss Credit 0% ( XS2321617875 ) in USD
| Issuer | Swiss Credit |
| Market price | 100 % ⇌ |
| Country |  United Kingdom
|
| ISIN code |
 XS2321617875 ( in USD )
|
| Interest rate | 0% |
| Maturity | 05/04/2023 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 USD |
| Total amount | 7 500 000 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. The financial instrument, identified by ISIN code XS2321617875, was a bond issued by Credit Suisse, a globally recognized financial services institution headquartered in Switzerland, historically a key player in the international financial landscape that provided a broad range of services including investment banking, private banking, and asset management to a diverse client base worldwide. This specific bond, issued from the United Kingdom, was denominated in US Dollars (USD) and represented a total offering size of $7,500,000, with a minimum purchase requirement of $1,000. Distinctively, it was structured as a zero-coupon bond, meaning it carried a stated interest rate of 0% and therefore did not involve periodic interest payments during its tenure. The bond reached its scheduled maturity on April 5, 2023, at which point it was fully redeemed at 100% of its par value, successfully completing its term and returning the principal amount to bondholders, aligning with the standard redemption profile of a zero-coupon instrument. |