Published on 7/30/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $14.59 million Capped Leveraged Index Return Notes on basket
By Sarah Lizee
Olympia, Wash., July 30 – Royal Bank of Canada priced $14.59 million of 0% Capped Leveraged Index Return Notes due Sept. 25, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei 225 index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.
If the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum return of 12.13%.
If the basket falls by up to 5%, the payout will be par.
Investors will lose 1% for each 1% decline beyond 5%.
BofA Securities, Inc. is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Capped Leveraged Index Return Notes
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Underlying indexes: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), the S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
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Amount: | $14,586,470
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Maturity: | Sept. 25, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any basket gain, capped at 12.13%; par if basket falls by up to 5%; otherwise, 1% loss for every 1% decline beyond 5%
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Initial index levels: | 3,510.15 for Stoxx, 7,489.05 for FTSE, 21,756.55 for Nikkei, 9,877.03 for Swiss, 6,818.029 for S&P/ASX, 28,594.30 for Hang Seng
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Pricing date: | July 25
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Settlement date: | Aug. 1
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Agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 78014F452
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