Published on 2/29/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.35 million leveraged basket-linked notes on weighted index basket
By Wendy Van Sickle
Columbus, Ohio, Feb. 29 – Royal Bank of Canada priced $4.35 million of 0% leveraged notes due Feb. 24, 2028 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
If the basket return is positive, the payout at maturity will be par plus 2.48 times the basket return.
Investors will be exposed to any basket decline.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Leveraged notes
|
Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight), S&P/ASX 200 (9% weight)
|
Amount: | $4,345,000
|
Maturity: | Feb. 24, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket return is positive, par plus 2.48 times the basket gain; otherwise, full exposure to losses
|
Initial levels: | 4,855.36 for Euro Stoxx, 2,660.71 for Topix, 7,684.49 for FTSE, 11,386.17 for Swiss Market, 7,611.243 for S&P/ASX 200
|
Pricing date: | Feb. 22
|
Settlement date: | Feb. 29
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 4.25%
|
Cusip: | 78017FH22
|
|
© 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.