Published on 9/5/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.74 million par protected notes due 2022 tied to Stoxx 50
By Susanna Moon
Chicago, Sept. 5 – Royal Bank of Canada priced $2.74 million of 0% notes due Sept. 1, 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 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: | $2,738,000
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Maturity: | Sept. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, floor of par
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Initial level: | 3,447.57
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | RBC Capital Markets, LLC
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Fees: | 3%
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Cusip: | 78013XSJ8
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