Published on 4/17/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $38,000 buffered enhanced return notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 17 – Royal Bank of Canada priced $38,000 of 0% buffered enhanced return notes due Oct. 1, 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 1.7 times any gain in the index.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $38,000
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Maturity: | Oct. 1, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.7 times any index gain; par if index falls by 20% or less; 1% loss per 1% decline beyond 20%
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Initial level: | 3,331.25
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Buffer level: | 2,665.00, 80% of initial level
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Pricing date: | March 28
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Settlement date: | April 3
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78013XHP6
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