Published on 12/12/2016 in the Prospect News Structured Products Daily.
New Issue: RBC prices $3.73 million leveraged buffered notes tied to index basket
By Devika Patel
Knoxville, Tenn., Dec. 12 – Royal Bank of Canada priced $3.73 million of 0% leveraged buffered notes due Nov. 8, 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 Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum settlement amount of $1,319.50 for each $1,000 of notes. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that the basket declines beyond 15%.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged buffered notes
|
| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $3,729,000
|
| Maturity: | Nov. 8, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.5 times basket return, subject to maximum settlement amount of $1,319.50 for each $1,000 of notes; par if basket declines by 15% or less; 1.1765% loss for every 1% that basket declines beyond 15%
|
| Initial index levels: | 3,044.33 for Euro Stoxx 50, 6,819.72 for FTSE 100, 1,447.50 for Topix, 7,741.82 for Swiss Market and 5,413.332 for S&P/ASX 200
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agents: | RBC Capital Markets, LLC
|
| Fees: | None
|
| Cusip: | 78012KVP9
|
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