Published on 2/4/2020 in the Prospect News Structured Products Daily.
New Issue: RBC prices $927,000 barrier booster notes linked to FTSE 100
By Sarah Lizee
Olympia, Wash., Feb. 4 – Royal Bank of Canada priced $927,000 of 0% barrier booster notes due Jan. 31, 2025 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than the 55% booster, the payout at maturity will be par plus the index return.
If the index return is positive but does not exceed the booster, the payout will be par plus the booster.
If the index return is zero to negative 30%, the payout will be par.
If the index return is less than negative 30%, investors will lose 1% for every 1% that the final level is less than the initial level.
RBC Capital Markets, LLC is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Barrier booster notes
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Underlying index: | FTSE 100
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Amount: | $927,000
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Maturity: | Jan. 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains by more than 55%, par plus index return; if index gains by up to 55%, par plus 55%; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline from initial level
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Initial index level: | 7,480.69
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Barrier level: | 5,236.48, 70% of initial level
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 3.25%
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Cusip: | 78015KLJ1
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