Published on 1/23/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $918,000 leveraged notes due 2018 linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Jan. 23 – Royal Bank of Canada priced $918,000 of 0% leveraged notes due Oct. 5, 2018 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus triple the basket return, subject to a maximum settlement amount of $1,384 for each $1,000 principal amount of notes. Investors will be fully exposed to any decline in the basket.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $918,000
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Maturity: | Oct. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any basket gain, up to maximum settlement amount of $1,384 for each $1,000 principal amount; full exposure to any basket decline
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Initial levels: | 3,294.00 for Euro Stoxx, 7,247.61 for FTSE, 1,513.86 for Topix, 8,312.42 for Swiss Market and 5,678.754 for S&P/ASX 200
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Pricing date: | Jan. 18
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Settlement date: | Jan. 25
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78012KYR2
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