Bond Canadian Imperial Bank 0% ( US78015KWB69 ) in USD

Issuer	Canadian Imperial Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US78015KWB69 ( in USD )
Interest rate	0%
Maturity	07/01/2026
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Minimal amount	1 000 USD
Total amount	5 100 000 USD
Cusip	78015KWB6
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 a specific debt instrument issued by the Royal Bank of Canada, identified by ISIN US78015KWB69 and CUSIP 78015KWB6. The Royal Bank of Canada (RBC), a prominent financial institution headquartered in Canada, stands as one of North America's largest and most diversified financial services companies, boasting a significant global presence across retail banking, wealth management, capital markets, and insurance, which collectively underpin its robust credit profile as a bond issuer. This particular fixed-income security, denominated in USD, is characterized as a zero-coupon bond, indicated by its 0% interest rate, meaning it does not disburse periodic coupon payments. With a total issuance size of $5,100,000 and a minimum purchase denomination set at $1,000, the bond is currently trading at its par value of 100% on the market. This pricing implies that investors acquiring the bond at its current market price would realize no capital appreciation if held to its maturity date of January 7, 2026, consistent with its zero-coupon structure. Although a payment frequency of two is specified, this typically refers to the compounding basis for yield calculations or an underlying structural convention for such instruments, rather than actual recurring interest distributions for this specific bond.