Published on 8/2/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $699,000 par protected notes due 2022 tied to Stoxx 50
By Susanna Moon
Chicago, Aug. 2 – Royal Bank of Canada priced $699,000 of 0% notes due July 31, 2022 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 156% of any index gain.
If the index falls, the payout will be par.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $699,000
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Maturity: | July 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 156% of any index gain, floor of par
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Initial level: | 3,527.18
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Pricing date: | July 27
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Settlement date: | July 31
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78013XPT9
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