Published on 9/8/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $454,000 barrier booster notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 8 – Royal Bank of Canada priced $454,000 of 0% barrier booster notes due Sept. 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than 53%, the payout at maturity will be par plus the index return.
If the index gains by up to 53%, the payout will be par plus 53%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Barrier booster notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $454,000
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| Maturity: | Sept. 1, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains by more than 53%, par plus index return; if index gains by up to 53%, par plus 53%; if index falls by up to 30%, par; otherwise, full exposure to any losses
|
| Initial index level: | 3,388.22
|
| Barrier level: | 2,371.75, 70% of initial level
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 3.25%
|
| Cusip: | 78012K3Z8
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