Published on 7/30/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.18 million four-year notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., July 30 – Royal Bank of Canada priced $1.18 million of 0% notes due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index gain. Otherwise, the payout will be par.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,177,000
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Maturity: | July 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus index gain; otherwise, par
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Initial index level: | 3,509.26
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | RBC Capital Markets, LLC
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Fees: | 3.25%
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Cusip: | 78013XNY0
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