Published on 2/21/2020 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.55 million PLUS linked to Stoxx
By Sarah Lizee
Olympia, Wash., Feb. 21 – Royal Bank of Canada priced $4.55 million of 0% Performance Leveraged Upside Securities due May 19, 2021 linked to the Euro Stoxx 50 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 of $10 plus 300% of the index return, subject to a maximum return of 28.5%. If the index return is negative, investors will be exposed to the decline.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | Royal Bank of Canada
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $4,545,940
|
Maturity: | May 19, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 28.5% maximum return; if index return is negative, exposure to decline
|
Initial level: | 3,840.97
|
Pricing date: | Feb. 14
|
Settlement date: | Feb. 20
|
Agent: | RBC Capital Markets, LLC
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 78014K410
|
|
© 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.