Published on 7/30/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $14.59 million Capped Leveraged Index Return Notes on basket
By Sarah Lizee
Olympia, Wash., July 30 – Royal Bank of Canada priced $14.59 million of 0% Capped Leveraged Index Return Notes due Sept. 25, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei 225 index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.
If the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum return of 12.13%.
If the basket falls by up to 5%, the payout will be par.
Investors will lose 1% for each 1% decline beyond 5%.
BofA Securities, Inc. is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying indexes: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), the S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
|
| Amount: | $14,586,470
|
| Maturity: | Sept. 25, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 12.13%; par if basket falls by up to 5%; otherwise, 1% loss for every 1% decline beyond 5%
|
| Initial index levels: | 3,510.15 for Stoxx, 7,489.05 for FTSE, 21,756.55 for Nikkei, 9,877.03 for Swiss, 6,818.029 for S&P/ASX, 28,594.30 for Hang Seng
|
| Pricing date: | July 25
|
| Settlement date: | Aug. 1
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 78014F452
|
|
|
|
|
© 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.
