Published on 7/21/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.02 million buffered PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 21 – Royal Bank of Canada priced $2.02 million of 0% buffered Performance Leveraged Upside Securities due July 20, 2018 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 double any index gain, up to a maximum return of 36.2%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
Issuer: | Royal Bank of Canada
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,017,540
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Maturity: | July 20, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 36.2%; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 3,670.34
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Pricing date: | July 17
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Settlement date: | July 22
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Agent: | RBC Capital Markets, LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 2.5%
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Cusip: | 78013D367
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