Published on 5/15/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.44 million market-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 15 – Royal Bank of Canada priced $2.44 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside – due May 3, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.75 times any index gain, up to a maximum return of 95%.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline beyond 20%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,441,000
|
Maturity: | May 3, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.75 times any index gain, capped at 95%; par if index falls by up to 20%; otherwise, 1% loss for each 1% decline beyond 20%
|
Initial level: | 3,559.59
|
Buffer level: | 2,847.672, 80% of initial level
|
Pricing date: | April 28
|
Settlement date: | May 3
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | 4.02%
|
Cusip: | 78012KG84
|
|
© 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.