Bond Canadian Imperial Bank 0% ( US78014H5404 ) in USD

Issuer	Canadian Imperial Bank
Market price	100 % ▲
Country	Canada
ISIN code	US78014H5404 ( in USD )
Interest rate	0%
Maturity	30/04/2024 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	5 404 000 USD
Cusip	78014H540
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	NR
Detailed description	The Royal Bank of Canada (RBC) is a Canadian multinational financial services company offering personal and commercial banking, wealth management, insurance, and investment banking services globally. This financial article details the characteristics of a recently matured bond (ISIN: US78014H5404; CUSIP: 78014H540) issued by the Royal Bank of Canada, a major Canadian multinational financial services institution globally recognized as one of Canada's largest banks by market capitalization, offering an extensive range of banking, wealth management, insurance, investor services, and capital markets products. This particular obligation, denominated in USD and issued from Canada, was a zero-coupon bond as indicated by its 0% interest rate, implying its return mechanism was based on a discount to its 100% principal repayment at maturity, and was part of a 5,404,000 USD total issue size with a minimum purchase threshold of 1,000 USD. Although the bond information included a payment frequency of 2, this primarily refers to its principal redemption schedule given its zero-coupon nature; the bond duly reached its maturity on April 30, 2024, and has since been fully repaid, concluding its lifecycle, having carried a "Not Rated" designation from Moody's.