Published on 3/13/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $3.56 million PLUS linked to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., March 13 – Royal Bank of Canada priced $3.56 million of 0% Performance Leveraged Upside Securities due June 4, 2025 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 plus 300% of the index gain, capped at par plus 28.4%.
Investors will be fully exposed to any index decline.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Royal Bank of Canada
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $3,561,000
|
Maturity: | June 4, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at par plus 28.4%; full exposure to index decline
|
Initial level: | 4,877.77
|
Pricing date: | Feb. 29
|
Settlement date: | March 5
|
Agent: | RBC Capital Markets, LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 78017FG72
|
|
© 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.