New Issue: RBC sells $15.46 million geared buffered return notes tied to index basket

By Emma Trincal

New York, Aug. 5 – Royal Bank of Canada priced $15.46 million of 0% geared buffered return notes due Aug. 6, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the S&P 500 index (50% weight), the Euro Stoxx 50 index (25% weight) and the FTSE 100 index (25% weight).

If the basket finishes at or above its initial level, the payout at maturity will be par plus 112% of the basket gain.

If the basket falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1.25% for each 1% basket decline beyond the 20% buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Geared buffered return notes
Underlying basket:	S&P 500 index (50% weight), Euro Stoxx 50 index (25% weight), FTSE 100 index (25% weight)
Amount:	$15,455,000
Maturity:	Aug. 6, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 112% of basket return; if basket falls by up to 20%, par; otherwise, 1.25% loss per 1% decline beyond 20%
Initial levels:	4,387.16 for S&P, 4,116.62 for Stoxx, for 7,081.72 for FTSE
Buffer level:	80% of initial level
Pricing date:	Aug. 2
Settlement date:	Aug. 5
Underwriter:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78016ESH1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.