Published on 3/2/2022 in the Prospect News Structured Products Daily.
New Issue: RBC prices $6.36 million capped gears on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 2 – Royal Bank of Canada priced $6.36 million of 0% capped gears due April 28, 2023 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 of $10 plus triple any index gain, up to a maximum return of 22%.
Investors will lose 1% for each 1% index decline.
RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Capped gears
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Underlying index: | Euro Stoxx 50 index
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Amount: | $6,355,200
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Maturity: | April 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at par plus 22%; full exposure to losses
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Initial level: | 3,829.29
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Pricing date: | Feb. 24
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Settlement date: | Feb. 28
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Agents: | RBC Capital Markets, LLC and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 78016C465
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