Bond Canadian Imperial Bank 0% ( US78015KPL25 ) in USD

Issuer	Canadian Imperial Bank
Market price	94.25 % ⇌
Country	Canada
ISIN code	US78015KPL25 ( in USD )
Interest rate	0%
Maturity	18/09/2025
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	1 657 000 USD
Cusip	78015KPL2
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 instrument represents an obligation issued by the Royal Bank of Canada (RBC), a leading Canadian multinational banking and financial services company with a substantial global presence, offering a diverse array of financial products and services. Identified by ISIN US78015KPL25 and CUSIP 78015KPL2, this bond, issued from Canada and denominated in USD, is currently quoted at 94.25% in the market. Notably, the bond carries a 0% interest rate, classifying it as a zero-coupon bond, meaning investors derive their return from the discount at which it is purchased relative to its par value upon its maturity on September 18, 2025. The total size of this particular issue amounts to 1,657,000 units, with a stipulated minimum acquisition size of 1,000 units, and while a payment frequency of 2 is indicated, this typically refers to principal or other non-coupon related disbursements given its inherent zero-coupon structure which precludes periodic interest payments.