Published on 10/19/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.51 million leveraged notes with cap tied to indexes
By Susanna Moon
Chicago, Oct. 19 – Royal Bank of Canada priced $1.51 million of 0% capped leveraged notes due Dec. 18, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,247.20 for each $1,000 principal amount.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $1,506,000
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Maturity: | Dec. 18, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at 24.72%; 1% loss for each 1% decline
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Initial levels: | 3,605.54 for Stoxx, 7,556.24 for FTSE, 1,700.13 for Topix, 9,297.34 for Swiss Market, 5,794.466 for S&P/ASX
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Pricing date: | Oct. 12
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Settlement date: | Oct. 19
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78013GJT3
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