Published on 11/10/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.92 million jump securities linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 10 – Royal Bank of Canada priced $4.92 million of 0% jump securities due Nov. 2, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the upside payment of 26.25%. If the index finishes below the initial level, investors will be fully exposed to the decline.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Royal Bank of Canada
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Issue: | Jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4,924,870
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Maturity: | Nov. 2, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above the initial level, par plus 26.25%; if the index finishes below the initial level, investors will be fully exposed to the decline
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Initial level: | 3,418.23
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.5%
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Cusip: | 78013D854
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