Published on 8/6/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.51 million leveraged notes due 2019 tied to index basket
By Sarah Lizee
Olympia, Wash., Aug. 6 – Royal Bank of Canada priced $1.51 million of 0% leveraged notes due Sept. 27, 2019 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% 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 triple any basket gain, up to a maximum settlement amount of $1,333 for each $1,000 of notes.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $1,507,000
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Maturity: | Sept. 27, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any basket gain, capped at $1,333 for each $1,000 of notes; exposure to any losses
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Initial index levels: | 3,469.21 for Euro Stoxx 50, 1,752.09 for Topix, 7,575.93 for FTSE 100, 9,155.57 for Swiss Market and 6,240.862 for S&P/ASX 200
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Pricing date: | Aug. 2
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Settlement date: | Aug. 9
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78013XQX9
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