Published on 11/6/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.67 million two-year market-linked securities tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – Royal Bank of Canada prices $4.76 million 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 4, 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 200% of any index gain, up to a maximum return of par plus 24%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50
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Amount: | $4,673,000
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Maturity: | Nov. 4, 2019
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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, capped at 24%; if the index falls by up to 10%, par; 1% for each 1% decline in index beyond 10%
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Initial level: | 3,673.95
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Buffer level: | 3,306.555, 90% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.72%
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Cusip: | 78013GJK2
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