New Issue: RBC prices $1 million buffered return notes on Meta

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Royal Bank of Canada priced $1 million of 0% buffered return notes due Jan. 31, 2025 linked to the Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any stock gain, capped at par plus 26%.

Investors will receive par if the stock falls by up to 15% and will lose 1% for each 1% decline in the stock beyond 15%

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered return notes
Underlying stock:	Meta Platforms, Inc.
Amount:	$1 million
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any stock gain, capped at par plus 26%; par if stock falls by up to 15% and 1% loss for each 1% decline beyond 15%
Initial level:	$393.18
Buffer level:	$334.20, 85% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78017FDK6

© 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.