New Issue: RBC prices $9.23 million trigger PLUS due 2022 tied to Euro Stoxx 50

By Wendy Van Sickle

Columbus Ohio, Sept. 14 – Royal Bank of Canada priced $9.23 million of 0% trigger Performance Leveraged Upside Securities due Sept. 6, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 258% of any index gain.

Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below its 65% trigger level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$9,229,350
Maturity:	Sept. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 258% of any index gain; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
Initial level:	3,392.9
Trigger level:	2,205.39, 65% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78014G419

© 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.