Published on 9/12/2022 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.51 million barrier digital return notes on three indexes
By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – Royal Bank of Canada priced $1.51 million of 0% barrier digital return notes due Oct. 12, 2023 linked to the least performing of 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 underlying index finishes at or above its 60% barrier level, the payout at maturity will be par plus the digital return of 10.25%.
Otherwise, investors will be fully exposed to the decline of the worst performing component.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Barrier digital return notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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Amount: | $1,507,000
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Maturity: | Oct. 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlying index finishes at or above its barrier level, par plus 10.25%; otherwise, full exposure to any losses of worst performing index
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Initial levels: | 3,979.87 for S&P, 12,259.39 for Nasdaq and 1,832.003 for Russell
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Barrier levels: | 2,387.92 for S&P, 7,355.63 for Nasdaq and 1,099.202 for Russell, 60% of initial levels
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Pricing date: | Sept. 7
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Settlement date: | Sept. 12
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.6%
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Cusip: | 78016FTE4
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