Published on 9/29/2016 in the Prospect News Structured Products Daily.
New Issue: RBC prices $155,000 barrier enhanced return notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Sept. 29 – Royal Bank of Canada priced $155,000 of barrier enhanced return notes due Oct. 2 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum redemption amount of 146.75%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any index decline beyond 30%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Barrier enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $155,000
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Maturity: | Oct. 2 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, with maximum return of 46.75%; par if index falls by up to 30%; full exposure to any index decline beyond 30%
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Initial index level: | 2,970.84
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Barrier level: | 2,079.59, 70% of initial level
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | RBC Capital Markets, LLC
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Fees: | 2.75%
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Cusip: | 78012KTK3
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