Published on 9/21/2021 in the Prospect News Structured Products Daily.
New Issue: RBC prices $5.13 million geared buffered enhanced return notes linked to Russell
By William Gullotti
Buffalo, N.Y., Sept. 21 – Royal Bank of Canada priced $5.13 million of 0% geared buffered enhanced return notes due July 20, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at 19.1%. Investors will receive par if the index declines by 17.5% or less and will lose 1.21212% for every 1% that the index declines beyond 17.5%.
RBC Capital Markets, LLC is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Geared buffered enhanced return notes
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Underlying index: | Russell 2000 index
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Amount: | $5,125,000
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Maturity: | July 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.5 times index return, capped at 19.1%; par if index declines by 17.5% or less; 1.21212% loss for every 1% that index declines beyond 17.5%
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Initial index level: | 2,234.448
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Buffer level: | 1,843.42, 82.5% of initial level
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Pricing date: | Sept. 16
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Settlement date: | Sept. 21
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Underwriter: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78016E4H7
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