US equity-linked products dominate the latest issuance, with products tied to the benchmark S&P 500 index, the Russell 2000 and S&P Midcap 400.
Royal Bank of Canada has issued an accelerated growth product linked to the small-cap Russell 2000 index. The 13-month product offers a 300% participation rate, capped at 21-25%.
The product has no downside protection, which is unusual for an accelerated growth product. This product type usually has a downside buffer at 10-20% but several of these produc