Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: RBC prices $937,000 notes linked to Raymond James securities selections
Chicago, April 17 – Royal Bank of Canada priced $937,000 of 0% notes linked to Raymond James securities selections due May 23, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are linked to an equally-weighted basket of 35 common stocks selected by Raymond James & Associates, Inc.
The reference stocks are Advance Auto Parts, Inc., Allstate Corp., Avnet, Inc., Booz Allen Hamilton Holding Corp., Bloomin' Brands, Inc., Cadence Bank, Chubb Ltd., Cigna Corp., Cisco Systems, Inc., CVS Health Corp., Dell Technologies Inc., Devon Energy Corp., Fidelity National Information Services, Inc., Graphic Packaging Holding Co., Huntington Bancshares Inc. , Hartford Financial Services Group, Inc., Hancock Whitney Corp., Johnson & Johnson, Lennar Corp., Newmont Corp., Paccar Inc, PotlatchDeltic Corp., Procter & Gamble Co., Pioneer Natural Resources Co., Qualcomm Inc., AT&T Inc., Telephone and Data Systems, Inc., Target Corp., Union Pacific Corp., United Parcel Service, Inc., Valero Energy Corp., Verizon Communications Inc., Welltower Inc., Waste Management, Inc. and Walmart Inc.
The payout at maturity will be par of $1,000 times 96.6% times the basket level percentage. Because of the participation rate, investors will receive less than par if the basket does not gain by at least 3.52%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Notes linked to Raymond James securities selections
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| Underlying stocks: | Advance Auto Parts, Inc., Allstate Corp., Avnet, Inc., Booz Allen Hamilton Holding Corp., Bloomin' Brands, Inc., Cadence Bank, Chubb Ltd., Cigna Corp., Cisco Systems, Inc., CVS Health Corp., Dell Technologies Inc., Devon Energy Corp., Fidelity National Information Services, Inc., Graphic Packaging Holding Co., Huntington Bancshares Inc. , Hartford Financial Services Group, Inc., Hancock Whitney Corp., Johnson & Johnson, Lennar Corp., Newmont Corp., Paccar Inc, PotlatchDeltic Corp., Procter & Gamble Co., Pioneer Natural Resources Co., Qualcomm Inc., AT&T Inc., Telephone and Data Systems, Inc., Target Corp., Union Pacific Corp., United Parcel Service, Inc., Valero Energy Corp., Verizon Communications Inc., Welltower Inc., Waste Management, Inc. and Walmart Inc.; equally weighted
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| Amount: | $937,000
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| Maturity: | May 23, 2024
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par times 96.6% times the basket level percentage; because of participation rate, investors will receive less than par if the basket does not gain by at least 3.52%
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| Initial share prices: | $181.89 for Advance Auto Parts, Inc., $123.03 for Allstate Corp., $46.3 for Avnet, Inc., $78.84 for Booz Allen Hamilton Holding Corp., $19.35 for Bloomin' Brands, Inc., $25.39 for Cadence Bank, $204 for Chubb Ltd., $259.49 for Cigna Corp., $42.94 for Cisco Systems, Inc., $94.93 for CVS Health Corp., $40.05 for Dell Technologies Inc., $69.92 for Devon Energy Corp., $99.68 for Fidelity National Information Services, Inc., $20.35 for Graphic Packaging Holding Co., $13.02 for Huntington Bancshares Inc. , $66.79 for Hartford Financial Services Group, Inc., $47.06 for Hancock Whitney Corp., $176.98 for Johnson & Johnson, $74.44 for Lennar Corp., $67.19 for Newmont Corp., $79.81 for Paccar Inc, $53.2 for PotlatchDeltic Corp., $141.79 for Procter & Gamble Co., $266.48 for Pioneer Natural Resources Co., $131.6 for Qualcomm Inc., $20.4 for AT&T Inc., $17.45 for Telephone and Data Systems, Inc., $155.36 for Target Corp., $213.58 for Union Pacific Corp., $171.04 for United Parcel Service, Inc., $122.98 for Valero Energy Corp., $49.53 for Verizon Communications Inc., $88.11 for Welltower Inc., $154.5 for Waste Management, Inc. and $119.2 for Walmart Inc.
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| Pricing date: | May 20, 2022
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| Settlement date: | May 25, 2022
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| Agents: | RBC Capital Markets, LLC
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| Fees: | 2%
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| Cusip: | 78015QAQ4
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