E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/6/2018 in the Prospect News Structured Products Daily.

New Issue: RBC sells $13.02 million five-year trigger gears tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Feb. 6 – Royal Bank of Canada priced $13,023,020 of 0% trigger gears due Jan. 31, 2023 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 2.47 times any index gain.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% downside threshold level.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:Royal Bank of Canada
Issue:Trigger gears
Underlying index:Euro Stoxx 50 index
Amount:$13,023,020
Maturity:Jan. 31, 2023
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2.47 times any index gain; par if index falls by up to 30% and full exposure to any losses if index finishes below downside threshold
Initial level:3,643.04
Downside threshold:2,550.13, 70% of initial level
Pricing date:Jan. 29
Settlement date:Jan. 31
Agents:UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:None
Cusip:78013Q186

© 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.