Credit-Linked Notes
Structured exposure to defined credit references, with custom payoffs for private credit, project finance and structured lending — built for professional investors seeking defined credit risk.
Key Features
What this structure gives you
Single name, basket or portfolio
Reference one obligor or a diversified pool of credits within the same note structure.
Defined terms and covenants
Credit events, recovery and triggers are set explicitly at issuance, so risk is transparent and contractual.
Regular coupon payments
Notes carry a defined coupon, giving investors a predictable income profile over the term.
Professional investor distribution
ISIN-assigned and Euroclear/Clearstream-settled for placement across professional and institutional channels.
Common Applications
Where Credit-Linked Notes fit
Application 01
Project finance securitization
Application 02
Private loan exposure
Application 03
Corporate credit access
Application 04
Real estate debt instruments
Frequently Asked Questions
Who can invest in a CLN?
CLNs are structured for professional and institutional investors who can assess defined credit risk; they are not retail products.
What credit can a CLN reference?
A single corporate obligor, a basket of names, a private loan, or a project-finance exposure — the terms are defined per issuance.
Ready to structure your next issuance?
Talk to our Swiss-based structuring team about your requirements, timeline, and optimal jurisdiction.