Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: RBC prices $765,000 buffered enhanced return notes linked to Euro Stoxx
Chicago, Dec. 11 – Royal Bank of Canada priced $765,000 of 0% buffered enhanced return notes due May 7, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.29 times the index return. If the index return is less than or equal to zero but greater than or equal to negative 15%, the payout will be par. Investors will lose 1% for every 1% that the index declines beyond 15%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered enhanced return notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $765,000
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Maturity: | May 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.29 times index return; if index return is less than or equal to zero but greater than or equal to negative 15%, par; 1% loss for every 1% that index declines beyond 15%
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Initial level: | 4,294.85
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Buffer level: | 3,650.62, or 85% of initial level
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Pricing date: | May 2, 2023
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Settlement date: | May 5, 2023
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78016HZJ2
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