By Sarah Lizee
Olympia, Wash., Sept. 12 – Royal Bank of Canada priced $2.08 million of 0% levered market plus notes due March 4, 2020 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 1.22 times any index gain.
If the index finishes flat or falls by up to 30%, the payout will be par.
If the index falls by more than 30%, investors will lose 1% for each 1% index decline below the initial level.
RBC Capital Markets, LLC is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Levered market plus notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2.08 million
|
| Maturity: | March 4, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.22 times any index gain; par if index falls by up to 30%; full exposure to losses if index falls by more than 30%
|
| Initial level: | 3,392.9
|
| Barrier level: | 2,375.03, 70% of initial level
|
| Final level: | Average of index closing levels on five trading days ending Feb. 28, 2020
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Underwriter: | RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1.25%
|
| Cusip: | 78013XD54
|
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