Published on 5/22/2017 in the Prospect News Structured Products Daily.
New Issue: RBC sells $7.46 million leveraged buffered notes on index basket
By Marisa Wong
Morgantown, W.Va., May 22 – Royal Bank of Canada priced $7.46 million of leveraged buffered notes due Sept. 12, 2018 linked to a basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum settlement amount of $1,187.50 per $1,000 of notes.
Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% decline in the index beyond 10%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged buffered notes
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| Underlying basket: | Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight
|
| Amount: | $7,459,000
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| Maturity: | Sept. 12, 2018
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, up to a maximum settlement amount of $1,187.50 per $1,000 of notes; par if the index falls by 10% or less; 1.1111% loss for every 1% decline in the index beyond 10%
|
| Initial index levels: | 3,641.89 for Euro Stoxx, 7,522.03 for FTSE, 1,584.23 for Topix, 9,127.61 for Swiss Market and 5,850.518 for S&P/ASX
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| Pricing date: | May 16
|
| Settlement date: | May 23
|
| Underwriter: | RBC Capital Markets, LLC
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| Fees: | None
|
| Cusip: | 78012KQ59
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