Published on 12/3/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $7.5 million notes due 2021 on index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – Royal Bank of Canada priced $7.5 million of 0% notes due Dec. 2, 2021 linked to an equally weighted basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index, the Nikkei 225 index and the Euro Stox 50 index.
The payout at maturity will be par plus any basket gain, capped at par plus 27.1%.
If the basket declines, the payout will be par.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Notes
|
Underlying basket: | S&P 500 index, Nikkei 225 index and Euro Stoxx 50 index, equal weights
|
Amount: | $7.5 million
|
Maturity: | Dec. 2, 2021
|
Contingent coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any basket gain, capped at par plus 27.1%; if the basket declines, par
|
Initial levels: | 2,743.79 for S&P, 22,177.02 for Nikkei, 3,168.29 for Stoxx
|
Pricing date: | Nov. 28
|
Settlement date: | Dec. 3
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 2.5%
|
Cusip: | 78013XSK5
|
|
© 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.