New Issue: RBC sells $1.07 million capped levered market plus notes on Stoxx Banks

By Sarah Lizee

Olympia, Wash., Jan. 2 – Royal Bank of Canada priced $1.07 million of 0% capped levered market plus notes due July 1, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus five times any index gain, capped at par plus 71.1%.

Investors will lose 1% for each 1% index decline below the initial level.

RBC Capital Markets, LLC is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	Royal Bank of Canada
Issue:	Capped levered market plus notes
Underlying index:	Euro Stoxx Banks
Amount:	$1.07 million
Maturity:	July 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus five times any index gain, capped at par plus 71.1%; full exposure to losses
Initial level:	86.76
Final level:	Average of index closing levels on five trading days ending June 26, 2020
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Underwriter:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1.25%
Cusip:	78013XVF2

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