RBC Issues Barrier Digital Notes Linked to Coinbase Stock

Royal Bank of Canada is issuing Barrier Digital Notes tied to Coinbase Global's Class A common stock, allowing investors to potentially earn a fixed 25% return if shares close above $95.90 by December 31, 2027.

The notes require a minimum investment of $1,000 and mature on the specified date, roughly fifteen months from issuance.

Investors who hold shares below the barrier level at maturity will absorb the stock's percentage decline directly, exposing their principal fully while capping any upside at 25% regardless of how far Coinbase shares might rise.

The notes are structured to package a single stock's volatility into a fixed-return product for investors seeking defined outcomes rather than direct equity exposure.