Published on 5/4/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.02 million par protected notes due 2022 tied to Stoxx 50
By Susanna Moon
Chicago, May 4 – Royal Bank of Canada priced $1.02 million of 0% notes due July 28, 2022 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 any index gain.
If the index falls, the payout will be par.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,024,000
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Maturity: | July 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, floor of par
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Initial level: | 3,485.83
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | RBC Capital Markets, LLC
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Fees: | 3.25%
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Cusip: | 78013XJD1
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