Published on 5/1/2020 in the Prospect News Structured Products Daily.
New Issue: RBC prices $641,000 enhanced return notes linked to ConocoPhillips
By Sarah Lizee
Olympia, Wash., May 1 – Royal Bank of Canada priced $641,000 of 0% enhanced return notes due Oct. 28, 2021 linked to the common stock of ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any stock gain, capped at par plus 70%.
Investors will lose 1% for each 1% decline.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Enhanced return notes
|
| Underlying stock: | ConocoPhillips
|
| Amount: | $641,000
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| Maturity: | Oct. 28, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any stock gain capped at par plus 70%; 1% loss per 1% decline
|
| Initial level: | $36.09
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 2.25%
|
| Cusip: | 78015KQH0
|
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