US Wrap: Royal Bank of Canada rejoins issuance with accelerated growth product

Clare Dickinson
19 Mar 2010

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Royal Bank of Canada has joined the offering with an accelerated growth product after being quieter on the issuance front of late.

The Buffered Bullish Notes Linked to the S&P 500 Index are five-year investments, an unusually long term for this type of product in the US. The product has 100% market participation, meaning it is not really an accelerated growth product. Instead, "principal at risk participation product" would be a more accurate description, according to Tim Mortimer at Future

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