Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.5 million digital notes with barrier linked to S&P, Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – Royal Bank of Canada priced $1.5 million of 0% digital notes with barrier due Jan. 10, 2025 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above barrier level, 75% of initial level, the payout at maturity will be par plus 9.6%.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Digital notes with barrier
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Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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Amount: | $1.5 million
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Maturity: | Jan. 10, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the worst performing index finishes at or above barrier level, par plus 9.6%; otherwise, full exposure to decline of worst performer
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Initial levels: | 4,697.24 for S&P, 16,305.98 for Nasdaq, 1,951.142 for Russell
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Barrier levels: | 3,522.93 for S&P, 12,229.49 for Nasdaq, 1,463.357 for Russell; 75% of initial levels
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Pricing date: | Jan. 5
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Settlement date: | Jan. 10
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.65%
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Cusip: | 78017FA60
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