Published on 9/13/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $400,000 four-year notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 13 – Royal Bank of Canada priced $400,000 of 0% notes due Aug. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 151% of the index gain. Otherwise, the payout will be par.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $400,000
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| Maturity: | Aug. 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.51 times index gain; otherwise, par
|
| Initial index level: | 3,456.13
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| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 0.25%
|
| Cusip: | 78013XRF7
|
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