IDAD, RBC partner for range accrual on SPX

IDAD has launched US Income Deposit Plan Issue 1, November 2023 in the UK. The six-year capital protected plan offers access to the S&P 500 with Royal Bank of Canada (RBC) acting as the deposit taker. The S&P 500 option was to take advantage of wider range where we felt there was a bit more value than FTSE 100 - Clive Moore The product features an upper barrier of 123.5% and a lower barrier of 75% of the initial strike. It offers a coupon of 10% pa providing the index closes between