Published on 12/4/2022 in the Prospect News Structured Products Daily.
New Issue: RBC prices $533,000 absolute return buffer notes on stock basket
Chicago, Dec. 5 – Royal Bank of Canada priced $533,000 of 0% absolute return buffer notes due April 2, 2025 linked to a basket of four common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the common stocks of Amazon.com, Inc., Meta Platforms, Inc., Nvidia Corp. and Tesla, Inc., equally weighted.
If the basket return is positive, the payout at maturity will be par plus 200% of the return, capped at par plus 36%. Investors will receive par plus the absolute return of the basket if the basket declines by not more than 20% or less and will lose 1% for every 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Absolute return buffer notes
|
Underlying stocks: | Amazon.com, Inc., Meta Platforms, Inc., Nvidia Corp. and Tesla, Inc., equally weighted
|
Amount: | $533,000
|
Maturity: | April 2, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 200% of return, capped at par plus 36%; par plus absolute value of basket if it declines by 20% or less; 1% loss for every 1% decline beyond 20%
|
Initial levels: | $3,379.81 for Amazon, $223.59 for Meta, $282.19 for Nvidia, $1,091.84 for Tesla
|
Buffer level: | 80% of initial levels
|
Pricing date: | March 28
|
Settlement date: | March 31
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 2.5%
|
Cusip: | 78016FGJ7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.