By William Gullotti
Buffalo, N.Y., Jan. 9 – Royal Bank of Canada priced $1.08 million of 0% autocallable buffered enhanced return notes due Jan. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a 10.1% call premium if the index closes at or above its initial level on Dec. 31, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 125% of the return.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Autocallable buffered enhanced return notes
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Underlying index: | S&P 500 index
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Amount: | $1.08 million
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Maturity: | Jan. 4, 2027
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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 125% of index return; par if index declines by 10% or less; 1% loss for every 1% of index decline beyond 10%
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Call: | Automatically at par plus 10.1% call premium if the index closes at or above initial level on Dec. 31, 2024
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Initial level: | 4,769.83
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Buffer level: | 4,292.85; 90% of initial level
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Pricing date: | Dec. 29
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Settlement date: | Jan. 4
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.05%
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Cusip: | 78017F6A6
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