Published on 7/14/2022 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1 million 5% buffered notes linked to S&P, Dow, Nasdaq
By William Gullotti
Buffalo, N.Y., July 14 – Royal Bank of Canada priced $1 million of 5% buffered notes due Jan. 11, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
If each index finishes at or above its 60% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 40%.
RBC Capital Markets, LLC is the selling agent.
Issuer: | Royal Bank of Canada
|
Issue: | Buffered notes
|
Underlying indexes: | S&P 500 index, Dow Jones industrial average, Nasdaq-100 index
|
Amount: | $1 million
|
Maturity: | Jan. 11, 2024
|
Coupon: | 5% per year, payable monthly
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above buffer level, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 40%
|
Initial levels: | 3,899.38 for S&P, 12,125.69 for Nasdaq, 31,338.15 for Dow
|
Buffer levels: | 2,339.63 for S&P, 7,275.41 for Nasdaq, 18,802.89 for Dow; 60% of initial levels
|
Strike date: | July 8
|
Pricing date: | July 11
|
Settlement date: | July 14
|
Selling agent: | RBC Capital Markets, LLC
|
Fees: | 0.3%
|
Cusip: | 78016FP40
|
|
|
© 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.