Published on 1/5/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $529,000 leveraged notes with par floor on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Jan. 5 – Royal Bank of Canada priced $529,000 of 0% notes due Dec. 30, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 111% of any index gain. If the index falls, the payout will be par.
RBC Capital Markets, LLC is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $529,000
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Maturity: | Dec. 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 111% of any index gain; par if index falls
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Initial level: | 3,550.17
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Pricing date: | Dec. 27
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Settlement date: | Dec. 29
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78013XBL1
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