Published on 5/19/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $933,000 par-protected notes due 2023 tied to Euro Stoxx 50
By Susanna Moon
Chicago, May 19 – Royal Bank of Canada priced $933,000 of notes due Feb. 21, 2023 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,500 for each $1,000 principal amount.
If the index falls, the payout will be par.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $933,000
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| Maturity: | Feb. 21, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 50% and floor of par
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| Initial level: | 3,641.88
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| Pricing date: | May 15
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| Settlement date: | May 18
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 2.75%
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| Cusip: | 78012KP84
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