Published on 2/6/2019 in the Prospect News Structured Products Daily.
New Issue: RBC sells $2.56 million leveraged market-linked notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – Royal Bank of Canada priced $2.56 million of 0% market-linked securities with leveraged upside participation and fixed percentage buffered downside due Aug. 5, 2021 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 140% of any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Market-linked securities with leveraged upside participation and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,555,000
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Maturity: | Aug. 5, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any index gain; par if the index falls by up to 25%; 1% loss for every 1% decline beyond 25%
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Initial index level: | 3,159.43
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Threshold level: | 2,369.5725, 75% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.92%
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Cusip: | 78013XV96
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