Published on 11/3/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $813,000 buffered enhanced notes tied to iShares MSCI EAFE
By Susanna Moon
Chicago, Nov. 3 – Royal Bank of Canada priced $813,000 of 0% buffered enhanced return notes due Oct. 31, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 15%.
Investors will receive par if the fund falls by up to 18.7% and will lose 1% for each 1% decline beyond the buffer.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered enhanced return notes
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Underlying fund: | iShares MSCI EAFE ETF
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Amount: | $813,000
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Maturity: | Oct. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at 15%; par if fund falls by 18.7% or less; 1% loss per 1% decline beyond 18.7%
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Initial price: | $69.02
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Underwriter: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78013GKK0
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