Published on 8/9/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.94 million digital notes due 2019 tied to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Aug. 9 – Royal Bank of Canada priced $1.94 million of 0% digital notes due Sept. 11, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 90% threshold, the payout at maturity will be the threshold settlement amount of $1,092.10 per $1,000 principal amount.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,942,000
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Maturity: | Sept. 11, 2019
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index return is at least negative 10%, $1,092.10 per $1,000 principal amount; otherwise, 1.1111% loss per 1% decline beyond 10%
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Initial index level: | 3,504.37
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Threshold level: | 90% of initial level
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Pricing date: | Aug. 7
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Settlement date: | Aug. 14
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78013XRC4
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