New Issue: RBC sells $1.75 million 22-month digital notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, May 18 – Royal Bank of Canada priced $1.75 million of 0% digital notes due March 12, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 87.5% threshold, the payout at maturity will be the threshold settlement amount of $1,160.70 per $1,000 principal amount.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$1.75 million
Maturity:	March 12, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 12.5%, par plus 16.07%; otherwise, 1.1429% loss per 1% decline beyond 12.5%
Initial index level:	3,557.88
Threshold level:	87.5% of initial level
Pricing date:	May 8
Settlement date:	May 15
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XKP2

© 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.