Published on 10/17/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.2 million one-year levered market plus notes tied to Amazon
By Susanna Moon
Chicago, Oct. 17 – Royal Bank of Canada priced $1.2 million of 0% levered market plus notes due Oct. 24, 2018 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any share price gain up to a maximum return of 22.5%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
Issuer: | Royal Bank of Canada
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Issue: | Levered market plus notes
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Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
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Amount: | $1.2 million
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Maturity: | Oct. 24, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any stock gain, capped at 22.5%; exposure to any losses
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Initial share price: | $989.58
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Pricing date: | Oct. 6
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Settlement date: | Oct. 12
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Underwriter: | RBC Capital Markets, LLC
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 78013GJN6
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