Published on 7/30/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.44 million buffered enhanced return notes on iShares EAFE
By Marisa Wong
Morgantown, W.Va., July 30 – Royal Bank of Canada priced $1.44 million of 0% buffered enhanced return notes due July 31, 2020 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 fund gain, up to a maximum return of 15%.
Investors will receive par if the fund falls by up to 25.45% and will lose 1% for each 1% decline beyond the 25.45% buffer.
RBC Capital Markets LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Buffered enhanced return notes
|
Underlying ETF: | iShares MSCI EAFE ETF
|
Amount: | $1,437,000
|
Maturity: | July 31, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF return is positive, par plus 150% of ETF return, subject to 15% maximum return; par if ETF declines by 25.45% or less; 1% loss for every 1% that ETF may decline beyond 25.45%
|
Initial share price: | $68.67
|
Buffer price: | $51.19, 74.55% of initial price
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Underwriter: | RBC Capital Markets, LLC
|
Fees: | None
|
Cusip: | 78013XPV4
|
|
© 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.