Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.48 million PLUS with 3x leverage, cap linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – Royal Bank of Canada priced $1.48 million of 0% Performance Leveraged Upside Securities due Nov. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain up to a maximum return of 30.25%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,483,700
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Maturity: | Nov. 3, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 30.25%; 1% loss per 1% decline
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Initial level: | 3,708.1
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Agent: | RBC Capital Markets, LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 78016D331
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