By Susanna Moon
Chicago, Aug. 24 – Royal Bank of Canada priced $4.64 million of 0% digital notes due Aug. 26, 2019 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 90% threshold, the payout at maturity will be the threshold settlement amount of $1,148 for each $1,000 principal amount.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs Group, Inc. is the guarantor.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Digital notes
|
| Underlying fund: | SPDR S&P Regional Banking ETF
|
| Amount: | $4,644,000
|
| Maturity: | Aug. 26, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund gains or falls by up to 10%, par plus 14.8%; otherwise, 1.1111% loss per 1% decline beyond 10%
|
| Initial level: | $51.59
|
| Trigger level: | 90% of initial level
|
| Pricing date: | Aug. 21
|
| Settlement date: | Aug. 28
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 2%
|
| Cusip: | 78012K4H7
|
|
|
|
|
© 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.
