New Issue: RBC prices $1.83 million buffered autocalls tied to Stoxx 50, two funds

By Susanna Moon

Chicago, Aug. 15 – Royal Bank of Canada priced $1.83 million of autocallable buffer notes due Aug. 11, 2022 linked to the least performing of the iShares MSCI EAFE ETF, the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 12% if each asset closes at or above its initial level on any annual review date after one year.

The payout at maturity will be par unless any underlying asset finishes below its 85% buffer level, in which case investors will be exposed to any losses of the worst performing index or fund beyond the buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Autocallable buffer notes
Underlying assets:	iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
Amount:	$1,825,000
Maturity:	Aug. 11, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any underlying asset falls by more than 15%, in which case 1% loss per 1% decline of worse performing index or fund beyond 15%
Call:	At par plus 12% per year if each index or fund closes at or above initial level on any annual review date beginning Aug. 8, 2019
Initial levels:	$68.30 for EAFE fund, $44.26 for EM fund and 3,493.60 for Stoxx
Pricing date:	Aug. 8
Settlement date:	Aug. 13
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78013XQR2

© 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.