RBC launches bonus structure on Russell 2000
Royal Bank of Canada is offering a two-year note that references the Russell 2000 Index. Unusually for a bonus structure, capital is at risk if a 75% final day barrier is breached, but otherwise investors will get a minimum 10% return plus participation in rises in the index
A PDF of this article featuring data tables is available here
This product from Royal Bank of Canada is classified as a bonus structure note with a final day barrier. It is linked to the Russell 2000 Index, which is one of the most common structured product underlyings in the US. Returns depend on the performance of the index and the notes are set to mature on October 31, 2013. The agents for this offering are UBS Financial Services and RBC Capital Markets. Capital is not protected if the final
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