Published on 10/31/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.38 million barrier booster notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 31 – Royal Bank of Canada priced $1.38 million of 0% barrier booster notes due Nov. 1, 2021 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 41.6%, the payout at maturity will be par plus the index return.
If the index gains by up to 41.6%, the payout will be par plus 41.6%.
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
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Issue: | Barrier booster notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,377,000
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Maturity: | Nov. 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains by more than 41.6%, par plus index return; if index gains by up to 41.6%, par plus 41.6%; if index falls by up to 30%, par; otherwise, full exposure to any losses
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Initial index level: | 3,652.23
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Barrier level: | 2,556.56, 70% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Oct. 31
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 3%
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Cusip: | 78013GJX4
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