Published on 4/1/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $424,000 notes due 2023 linked to Euro Stoxx 50 index
By Sarah Lizee
Olympia, Wash., April 1 – Royal Bank of Canada priced $424,000 of 0% notes due March 30, 2023 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 145% of any index gain.
Investors will receive par if the index finishes flat or declines.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $424,000
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Maturity: | March 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 145% of any index gain; par if the index finishes flat or declines
|
Initial level: | 3,322.04
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Pricing date: | March 27
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Settlement date: | March 29
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78013X3H9
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