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