Published on 7/14/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $22.39 million capped trigger gears linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., July 14 – Royal Bank of Canada priced $22.39 million of 0% capped trigger gears due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 3 times the index return, subject to a maximum gain of 43%.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Capped trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $22,391,630
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Maturity: | June 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus 3 times the index return, subject to maximum gain of 43%; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
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Initial level: | 3,535.70
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Pricing date: | June 28
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Settlement date: | June 30
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Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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Fees: | 2.5%
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Cusip: | 78014E794
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