Published on 5/23/2016 in the Prospect News Structured Products Daily.
New Issue: RBC sells $3.22 million leveraged buffered notes linked to index basket
By Devika Patel
Knoxville, Tenn., May 23 – Royal Bank of Canada priced $3.22 million of 0% leveraged buffered notes due Aug. 24, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.4 times the basket return, subject to a maximum settlement amount of $1,169.40 for each $1,000 of notes. Investors will receive par if the basket declines by 12.5% or less and will lose 1.1429% for every 1% that the basket declines beyond 12.5%.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged buffered notes
|
| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $3,223,000
|
| Maturity: | Aug. 24, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.4 times basket return, subject to maximum settlement amount of $1,169.40 for each $1,000 of notes; par if basket declines by 12.5% or less; 1.1429% loss for every 1% that basket declines beyond 12.5%
|
| Initial index levels: | 2,919.22 for Euro Stoxx, 6,053.35 for FTSE, 1,336.56 for Topix, 7,908.79 for Swiss Market and 5,323.342 for S&P/ASX
|
| Pricing date: | May 19
|
| Settlement date: | May 26
|
| Agents: | RBC Capital Markets, LLC
|
| Fees: | None
|
| Cusip: | 78012KPD3
|
© 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.
