Published on 8/3/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.52 million market-linked securities tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – Royal Bank of Canada priced $1.52 million of 0% market-linked securities with leveraged upside participation and contingent downside due Aug. 2, 2022 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 190% of any index gain.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline from the initial level if the index falls by more than 30%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Market-linked securities with leveraged upside participation and contingent downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,517,000
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Maturity: | Aug. 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 190% of any index gain; par if the index falls by up to 30%; otherwise 1% loss for every 1% decline from initial level
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Initial index level: | 3,467.73
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Threshold level: | 2,427.411, 70% of initial level
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Pricing date: | July 28
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Settlement date: | Aug. 2
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Agents: | Wells Fargo Securities, LLC
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Fees: | 3.75%
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Cusip: | 78012KZ67
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