Published on 3/21/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.09 million digital barrier return notes linked to S&P, Nasdaq, Russell
By William Gullotti
Buffalo, N.Y., March 21 – Royal Bank of Canada priced $2.09 million of 0% digital barrier return notes due April 17, 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, 70% of initial level, the payout at maturity will be par plus 9.75%.
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 barrier return notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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Amount: | $2,092,000
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Maturity: | April 17, 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 9.75%; otherwise, full exposure to decline of worst performer
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Initial levels: | 5,165.31 for S&P, 18,068.47 for Nasdaq, 2,071.711 for Russell
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Barrier levels: | 3,615.72 for S&P, 12,647.93 for Nasdaq, 1,450.198 for Russell; 70% of initial levels
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Pricing date: | March 13
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Settlement date: | March 18
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.6%
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Cusip: | 78017FMQ3
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