Published on 5/9/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.54 million leveraged buffered notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, May 9 – Royal Bank of Canada priced $1.54 million of 0% leveraged buffered notes due July 31, 2019 linked to a basket of 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.
The payout at maturity will be par plus 190% of any basket gain, up to a 15.45% maximum return.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $1,538,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.9 times any basket gain, capped at 15.45% maximum gain; par if the basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial index levels: | 3,518.78 for Euro Stoxx 50; 7,502.21 for FTSE 100; 1,777.23 for Topix; 8,843.02 for Swiss Market; 5,953.646 for S&P/ASX 200
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Pricing date: | April 27
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Settlement date: | May 4
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78013XJX7
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