Published on 12/24/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $3.34 million barrier enhanced return notes on Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Dec. 24 – Royal Bank of Canada priced $3.34 million of 0% barrier enhanced return notes due June 22, 2020 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 175% of any index gain.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any decline if the index falls beyond 20%.
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: | $3,335,000
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Maturity: | June 22, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 175% of any index gain; par if index falls by up to 20%; full exposure to any decline if index falls beyond 20%
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Initial level: | 3,063.65
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Barrier level: | 2,450.92, 80% of initial level
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Pricing date: | Dec. 17
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Settlement date: | Dec. 20
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Agent: | RBC Capital Markets, LLC
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Fees: | 2.75%
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Cusip: | 78013XUN6
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