Published on 2/6/2019 in the Prospect News Structured Products Daily.
New Issue: RBC sells $2.38 million leveraged market-linked notes on Energy Select
By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – Royal Bank of Canada priced $2.38 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 5, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to par plus 48%.
Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
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 fixed percentage buffered downside
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Underlying fund: | Energy Select Sector SPDR fund
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Amount: | $2,375,000
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Maturity: | Aug. 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, up to par plus 48%; par if the fund falls by up to 15%; 1% loss for every 1% decline beyond 15%
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Initial fund level: | $63.78
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Threshold level: | $54.213, 85% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Wells Fargo Securities, LLC
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Fees: | 3.46%
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Cusip: | 78013XVA3
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