Bond HSBC Premier 0% ( XS2409262370 ) in USD

Issuer	HSBC Premier
Market price	100 % ⇌
Country	United Kingdom
ISIN code	XS2409262370 ( in USD )
Interest rate	0%
Maturity	20/11/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	48 000 USD
Detailed description	HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, serving customers worldwide in wealth and personal banking, commercial banking, and global banking and markets. This financial article provides an overview of the bond identified by ISIN XS2409262370, a debt instrument issued by HSBC, one of the world's largest banking and financial services organizations with a significant global presence and its origins in the United Kingdom. Denominated in US Dollars, this particular bond, part of an issuance with a total notional value of $48,000,000 (derived from 48,000 units with a minimum purchase size of $1,000), was characterized as a zero-coupon bond. This means it carried a 0% interest rate and consequently paid no periodic interest throughout its lifecycle, despite a recorded semi-annual payment frequency. The bond reached its scheduled maturity on November 20, 2024, at which point it was fully redeemed at 100% of its face value, confirming that investors were reimbursed the full principal amount of their holdings, thereby concluding the lifecycle of this specific debt obligation from HSBC.