Grevenmacher, 27th March 2026
PSI Concepts SA gives notice to all holders of the NeuroTech-Bonds of the maturity with a mandatory and worthless redemption of the bonds, due to a total default of NeuroMind AI Corp. (renamed from Genesis Growth Tech Acquisition Corp.)
NeuroMind AI Corp. (investment component of the reference asset) was unable to comply with its duties and to maintain good standing. Pursuant to point 1.3 of the Terms of Issue, a “Credit Event” has occurred.
Pursuant to points 1.3, 6 and 7 of the Terms of Issue, the Issuer is unable to pay any net proceeds resulting from the realisation or disposal of the investment component in the entity NeuroMind AI Corp. to the holders of the NeuroTech-Bonds.
The NeuroTech-Bonds will be redeemed worthless from the securities accounts of the holders of NeuroTech-Bonds via the Clearing Agent.
Upon collection of the NeuroTech-Bonds by the Clearing Agent, the Issuer will be released from its obligations under the Terms of Issue.
Details of this maturity and Credit Event are available at the registered office of the Issuer.
For more information about this Compartment, please refer to the Announcement and visit our Compartment Overview.
Issue Date: 2nd April 2024
Servicer: PSI Services SA
Securitisation Platform: PSI Concepts SA
Compartment: NeuroTech Pre IPO
Compartment No.: Compartment 2024-4013
ISIN: CH1213604148
VALOR: 121360414
WKN: NA