Published on 7/11/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.1 million of PLUS with cap due 2019 tied to Topix
By Susanna Moon
Chicago, July 11 – Royal Bank of Canada priced $2.1 million of 0% Performance Leveraged Upside Securities due Oct. 3, 2019 linked to the Topix index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payment of $12.175 per $10.00 PLUS.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Topix
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Amount: | $2,098,100
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Maturity: | Oct. 3, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 21.75%; 1% loss per 1% decline
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Initial level: | 1,730.89
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | RBC Capital Markets, LLC
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Fees: | 1.75%
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Cusip: | 78014G195
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