Published on 2/1/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $903,000 barrier booster notes due 2020 tied to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 1 – Royal Bank of Canada priced $903,000 of 0% barrier booster notes due July 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than 34.5%, the payout at maturity will be par plus the return.
If the index gains by up to 34.5%, the payout will be par plus the 34.5% booster coupon.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Barrier booster notes
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Underlying index: | Euro Stoxx 50
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Amount: | $903,000
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Maturity: | July 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains by more than 34.5%, par plus the return; if index gains by up to 34.5%, par plus 34.5%; if index falls by up to 30%, par; otherwise, full exposure to any losses
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Initial index level: | 3,319.13
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Barrier level: | 2,323.39, 70% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 3%
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Cusip: | 78012KYG6
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