Published on 8/12/2016 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.54 million leveraged buffered notes with cap on indexes
By Susanna Moon
Chicago, Aug. 12 – Royal Bank of Canada priced $2.54 million of 0% leveraged buffered capped notes due April 18, 2018 linked to a 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 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,257.25 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
RBC Capital Markets, LLC is the underwriter.
Issuer: | Royal Bank of Canada
|
Issue: | Leveraged buffered notes
|
Underlying basket: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Tokyo Stock Price index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
|
Amount: | $2,537,000
|
Maturity: | April 18, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any basket gain, capped at 25.725%; par if the basket falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
|
Initial levels: | 3,018.46 for Euro Stoxx, 6,866.42 for FTSE, 1,314.83 for Topix, 8,208.90 for Swiss Market and 5,543.711 for S&P/ASX
|
Barrier level: | 87.5% of initial basket level
|
Pricing date: | Aug. 10
|
Settlement date: | Aug. 17
|
Underwriter: | RBC Capital Markets, LLC
|
Fees: | None
|
Cusip: | 78012KSE8
|
|
|
© 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.