Published on 7/31/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $12.27 million capped gears linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 31 – Royal Bank of Canada priced $12.27 million of 0% capped gears due Sept. 28, 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 plus 3 times any index gain, up to a maximum return of 19.2%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
|
Issue: | Capped gears
|
Underlying index: | Euro Stoxx 50
|
Amount: | $12,265,000
|
Maturity: | Sept. 28, 2018
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | Par plus 3 times any index gain, up to a maximum return of 19.2%; full exposure to any losses
|
Initial level: | 3,493.14
|
Pricing date: | July 27
|
Settlement date: | July 31
|
Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
Fees: | 2%
|
Cusip: | 78013F131
|
|
© 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.