Published on 10/15/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $935,000 buffered enhanced return notes tied to MSCI World
By Sarah Lizee
Olympia, Wash., Oct. 15 – Royal Bank of Canada priced $935,000 of 0% buffered enhanced return notes due Oct. 15, 2020 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% of any index gain, capped at par plus 24.8%.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered enhanced return notes
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Underlying index: | MSCI World index
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Amount: | $935,000
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Maturity: | Oct. 15, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any index gain, capped at par plus 24.8%; investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%
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Initial level: | 2,044.95
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Buffer level: | 1,942.70, 95% of initial level
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Pricing date: | Oct. 11
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Settlement date: | Oct. 16
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Underwriter: | RBC Capital Markets, LLC
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Fees: | 1.75%
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Cusip: | 78013XM88
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