The seven-year note offers a potential coupon of 0.9325% per month.

Royal Bank of Canada (RBC) has issued series seven of its Geared Buffered Callable Contingent Yield Securities in Canada. The product offers 100% capital return if the underlying has not fallen below the 60% barrier The seven-year note is linked to the Bloomberg US Large Cap VolMax Index. It pays a contingent coupon of 0.9325% per month (11.19%) provided the underlying index remains at or above 60% of its initial level on the monthly observation date. In addition, the product expires early