Royal Bank of Canada has launched a bear product that pays a fixed return if the value of the underlying falls over the six-month term. The product is linked to the Russell 2000 Index and pays a return of 8.85% in addition to the initial amount invested if the underlying is lower than its initial level at maturity.
There is no downside protection and investors' capital will be at risk if the index finishes above its initial level on the final observation date. Investors will not benefit from an
The week on Risk.net, July 7-13, 2018Receive this by email