Published on 5/3/2023 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.41 million market-linked notes tied to weighted index basket
Chicago, May 3 – Royal Bank of Canada priced $4.41 million of 0% market-linked notes due April 30, 2026 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
The payout at maturity will be par plus 1.25 times any basket gain.
If the basket falls, the payout will be par.
RBC Capital Markets, LLC and UBS Financial Services Inc. are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Market-linked notes
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Underlying indexes: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
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Amount: | $4,408,000
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any basket gain; otherwise, par
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Initial levels: | 4,347.71 for Stoxx, 28,416.47 for Nikkei, 7,852.64 for FTSE, 11,364.91 for Swiss Market, 7,316.30 for S&P/ASX
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Pricing date: | April 26
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Settlement date: | April 28
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Agents: | RBC Capital Markets, LLC and UBS Financial Services Inc.
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Fees: | 0%
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Cusip: | 78016HYW4
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