Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.84 million notes on MSCI World ESG Quality Select Low Volatility
Chicago, June 8 – Royal Bank of Canada priced $1.84 million of 0% notes due Nov. 27, 2026 linked to the MSCI World ESG Quality Select Low Volatility 8% Risk Control 3% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.15 times the index return.
If the index return is zero or negative, the payout will be the greater of (a) par plus the index return and (b) 90% of par.
RBC Capital Markets LLC is the underwriter.
Issuer: | Royal Bank of Canada
|
Issue: | Notes
|
Underlying index: | MSCI World ESG Quality Select Low Volatility 8% Risk Control 3% Decrement index
|
Amount: | $1,841,000
|
Maturity: | Nov. 27, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.15 times any index gain; if index finishes flat or falls, par plus index return, subject to floor of 90% of par
|
Initial level: | 1,798.82
|
Pricing date: | Nov. 23, 2021
|
Settlement date: | Nov. 26, 2021
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 3.25%
|
Cusip: | 78016F3P7
|
|
© 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.