Published on 4/30/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $46.75 million Accelerated Return Notes on Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., April 30 – Royal Bank of Canada priced $46.75 million of 0% Accelerated Return Notes due June 26, 2020 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 of $10 plus triple any index gain, up to a maximum return of 37.5%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $46,749,970
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Maturity: | June 26, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 37.5%; exposure to any index decline
|
Initial level: | 3,491.92
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Final index level: | Average of index’s closing levels on five trading days ending June 23, 2020
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Pricing date: | April 25
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Settlement date: | May 2
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 78014F510
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