Royal Bank of Canada Files Preliminary Terms for Accelerated Return Notes Linked to iShares U.S. Aerospace and Defense ETF

Royal Bank of Canada has filed preliminary terms for Accelerated Return Notes linked to the iShares U.S. Aerospace and Defense ETF (Bloomberg ticker: 'ITA').

The notes, set to mature in about 14 months, feature a principal amount of $10.00 per unit with a participation rate of 300% on positive performance.

This means investors can gain three times the percentage increase in the market measure, capped between $11.65 and $12.05 per unit. The exact capped value will be set on the pricing date.