Published on 3/6/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.42 million barrier booster notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 6 – Royal Bank of Canada priced $1.42 million of 0% barrier booster notes due Feb. 27, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than 23%, the payout at maturity will be par plus the return.
If the index gains by up to 23%, the payout will be par plus 23%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Barrier booster notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,424,000
|
| Maturity: | Feb. 27, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains by more than 23%, par plus the return; if index gains by up to 23%, par plus 23%; if index falls by up to 30%, par; otherwise, full exposure to any losses
|
| Initial index level: | 3,304.09
|
| Barrier level: | 2,312.86, 70% of initial level
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 28
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 2.75%
|
| Cusip: | 78012KB55
|
|
|
© 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.
