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The Swiss regulator wrote the value of Credit Suisse's AT1 bonds down to zero as part of UBS's takeover deal Sunday.
  • Credit Suisse was rescued by its longtime rival UBS on Sunday.
  • As part of the deal, the Swiss regulator wrote down the value of the bank's so-called AT1 bonds to zero.
  • Here's everything you need to know about AT1s and why they could fuel further turmoil in financial markets.

UBS bailed out its longtime rival Credit Suisse in a historic $3 billion deal Sunday – but there was a sting in the tail for holders of the beleaguered Swiss bank's so-called Additional Tier 1 bonds.