Published on 5/11/2020 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.06 million digital index-linked notes due 2022 on Stoxx
By Sarah Lizee
Olympia, Wash., May 11 – Royal Bank of Canada priced $1.06 million of 0% digital index-linked notes due May 18, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above 85% of its initial level, the payout at maturity will be the threshold settlement amount of $1,159 per $1,000 of notes.
Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,061,000
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Maturity: | May 18, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above buffer level, $1,159 per $1,000 of notes; otherwise, 1.1765% loss for every 1% that index declines beyond buffer
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Initial index level: | 2,843.76
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Buffer level: | 85% of initial level
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Pricing date: | May 6
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Settlement date: | May 13
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78015KRH9
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