Published on 9/9/2020 in the Prospect News Structured Products Daily.
New Issue: RBC sells $240,000 barrier enhanced return notes tied to Euro Stoxx
By Marisa Wong
Los Angeles, Sept. 9 – Royal Bank of Canada priced $240,000 of 0% barrier enhanced return notes due Aug. 31, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% of any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any decline if the index falls beyond 40%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Barrier enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $240,000
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Maturity: | Aug. 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any index gain; par if index falls by up to 40%; full exposure to any decline if index falls beyond 40%
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Initial level: | 3,356.76
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Barrier level: | 2,014.06, 60% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | RBC Capital Markets, LLC
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Fees: | 3.25%
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Cusip: | 78015KYC2
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