Published on 5/15/2019 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.92 million trigger gears linked to basket of indexes, fund
By Wendy Van Sickle
Columbus, Ohio, May 15 – Royal Bank of Canada priced $1.92 million of 0% trigger gears due May 15, 2023 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Hang Seng index with a 20% weight, the Euro Stoxx 50 index with a 20% weight, the Nikkei 225 index with a 20% weight, the WisdomTree India Earnings fund with a 20% weight, the S&P/ASX 200 index with a 10% weight and the FTSE 100 index with a 10% weight.
The payout at maturity will be par of $10 plus 1.9275 times any basket gain.
Investors will receive par if the basket falls by up to 35% and will be fully exposed to any losses if it finishes below its 65% downside threshold.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Trigger gears
|
| Underlying basket: | Hang Seng index (20% weight), Euro Stoxx 50 index (20% weight), Nikkei 225 index (20% weight), WisdomTree India Earnings fund (20% weight), FTSE 100 index (10% weight), S&P/ASX 200 index (10% weight)
|
| Amount: | $1,919,520
|
| Maturity: | May 15, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.9275 times any basket gain; par if basket falls by up to 35% and full exposure to any losses if basket finishes below 65% downside threshold
|
| Initial index levels: | 3,316.05 for Stoxx, 7,203.29 for FTSE, 21,344.92 for Nikkei, $24.76 for WisdomTree, 6,310.852 for S&P/ASX, 28,550.24 for Hang Seng
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
| Fees: | 0%
|
| Cusip: | 78014H789
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
