Published on 2/1/2019 in the Prospect News Structured Products Daily.
New Issue: RBC sells $7.77 million trigger gears linked to basket of indexes
By Sarah Lizee
Olympia, Wash., Feb. 1 – Royal Bank of Canada priced $7.77 million of 0% trigger gears due Jan. 31, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 2.97 times any basket gain.
Investors will receive par if the basket falls by up to 35% and will be fully exposed to any losses if it finishes below its 65% downside threshold.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Trigger gears
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Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
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Amount: | $7,773,550
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Maturity: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2.97 times any basket gain; par if basket falls by up to 35% and full exposure to any losses if basket finishes below 65% downside threshold
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Initial index levels: | 3,153.42 for Stoxx, 6,833.93 for FTSE, 20,664.64 for Nikkei, 8,940.52 for Swiss, 5,874.166 for S&P/ASX, 27,531.68 for Hang Seng
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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Fees: | 3.5%
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Cusip: | 78014H177
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