Published on 11/6/2018 in the Prospect News Structured Products Daily.
New Issue: RBC prices $5.68 million capped buffer gears linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – Royal Bank of Canada priced $5.68 million of 0% capped buffer gears due Oct. 29, 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 of $10 plus triple any index gain, up to a maximum return of 31%.
Investors will receive par if the index falls by up to 15% and lose 1% for each 1% decline beyond 15%.
RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Capped buffer gears
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Underlying index: | Euro Stoxx 50
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Amount: | $5,677,300
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Maturity: | Oct. 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at 31%; par if index falls by up to 15% and exposure to any losses beyond 15%
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Initial index level: | 3,154.93
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Downside threshold: | 2,681.69, 85% of initial level
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Pricing date: | Oct. 29
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Settlement date: | Oct. 31
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Agents: | RBC Capital Markets, LLC and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 78014G609
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