Published on 3/28/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.02 million of enhanced return notes tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 28 – Royal Bank of Canada priced $1.02 million of 0% enhanced return notes due April 30, 2020 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 200% of any gain in the index.
Investors will lose 1% for each 1% decline in the index.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,018,000
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Maturity: | April 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain; full exposure to any loss
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Initial level: | 3,437.14
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Pricing date: | March 27
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Settlement date: | March 30
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 2.25%
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Cusip: | 78012KG43
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