Published on 10/10/2022 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.7 million leveraged capped market-linked securities tied to Nasdaq
By William Gullotti
Buffalo, N.Y., Oct. 10 – Royal Bank of Canada priced $1.7 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 4, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, payout at maturity will be par plus double any index gain, subject to a maximum return of 24%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | Nasdaq-100 index
|
Amount: | $1,696,000
|
Maturity: | April 4, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus two times any index gain, subject to a maximum return of par plus 24%; if the index falls by up to 10%, par; 1% for each 1% decline in index beyond 10%
|
Initial level: | 11,164.78
|
Buffer level: | 10,048.302; 90% of initial level
|
Pricing date: | Sept. 29
|
Settlement date: | Oct. 4
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | 2.475%
|
Cusip: | 78016FSX3
|
|
© 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.