Published on 1/29/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.02 million digital notes with barrier linked to three stocks
Chicago, Jan. 29 – Royal Bank of Canada priced $2.02 million of 0% digital notes with barrier due July 23, 2026 tied to the lesser performing of CrowdStrike Holdings, Inc., Devon Energy Corp. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above downside threshold, 55% of initial level, the payout at maturity will be par plus the 55% digital payment.
Otherwise, investors will lose 1% for every 1% that the worst performer’s final level is less than its initial level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Digital notes with barrier
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Underlying stocks: | CrowdStrike Holdings, Inc., Devon Energy Corp. and Charles Schwab Corp.
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Amount: | $2,020,000
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Maturity: | July 23, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the worst performing stock finishes at or above downside threshold, par plus 55% digital payment; otherwise, full exposure to decline of worst performer
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Initial levels: | $290.54 for CrowdStrike, $40.97 for Devon, $63.78 for Schwab
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Digital barriers: | $159.80 for CrowdStrike, $22.53 for Devon, $35.08 for Schwab; 55% of initial levels
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | RBC Capital Markets, LLC
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Fees: | 1%
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Cusip: | 78017FA45
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