Published on 12/20/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $6.91 million buffered PLUS linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Dec. 20 – Royal Bank of Canada priced $6.91 million of 0% buffered Performance Leveraged Upside Securities due Jan. 5, 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 of $10 plus 200% of the index return, subject to a maximum return of 20.25%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Royal Bank of Canada
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $6,907,920
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Maturity: | Jan. 5, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to 20.25% maximum return; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
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Initial level: | 3,731.07
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Buffer level: | 85% of initial level
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Pricing date: | Dec. 13
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Settlement date: | Dec. 18
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Agent: | RBC Capital Markets, LLC
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 78014J850
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