Bond Canadian Imperial Bank 0% ( US78015KPH13 ) in USD

Issuer	Canadian Imperial Bank
Market price	175.59 % ⇌
Country	Canada
ISIN code	US78015KPH13 ( in USD )
Interest rate	0%
Maturity	30/04/2026
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Minimal amount	1 000 USD
Total amount	394 000 USD
Cusip	78015KPH1
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. The Royal Bank of Canada (RBC), one of Canada's largest and most diversified financial services companies with a significant global presence, has issued a distinct bond instrument, identifiable by its ISIN US78015KPH13 and CUSIP 78015KPH1. This USD-denominated security, originating from Canada, is currently observed trading at a substantial market price of 175.59%. It is uniquely characterized by a zero-percent interest rate and is scheduled to mature on April 30, 2026. The total issuance size for this particular security stands at USD 394,000, with a minimum purchase requirement set at USD 1,000. Despite its zero-coupon nature, the instrument's specifications indicate a payment frequency of 2, which could imply embedded features beyond traditional interest disbursements or specific principal repayment schedules.