Published on 8/29/2013 in the Prospect News Structured Products Daily.
New Issue: RBC sells $7.18 million bullish barrier enhanced notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Aug. 29 - Royal Bank of Canada priced $7.18 million of 0% bullish barrier enhanced return notes due Aug. 31, 2016 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 150% of the index gain, subject to a maximum return of 53.625%. If the index declines by up to 30%, the payout will be par. If the index declines by more than 30%, investors will be fully exposed to losses from the initial index level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Bullish barrier enhanced return notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $7,181,000
|
Maturity: | Aug. 31, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 150% of gain, capped at 53.625%; if index falls by up to 30%, par; otherwise, full exposure to losses from initial index level
|
Initial index level: | 2,749.27
|
Barrier level: | 1,924.49, 70% of initial level
|
Pricing date: | Aug. 27
|
Settlement date: | Aug. 30
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 2.75%
|
Cusip: | 78010UAN7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.