Published on 11/1/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $156,000 notes due 2022 linked to Euro Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Nov. 1 – Royal Bank of Canada priced $156,000 of 0% notes due Nov. 2, 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 163% of any index gain.
Investors will receive par if the index finishes flat or declines.
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 index
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Amount: | $156,000
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Maturity: | Nov. 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 163% of any index gain; par if the index finishes flat or declines
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Initial level: | 3,154.93
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Pricing date: | Oct. 29
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Settlement date: | Oct. 31
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78013XM62
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