New Issue: RBC sells $20.01 million Leveraged Index Return Notes on Russell 1000 Value

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Royal Bank of Canada priced $20.01 million of 0% Leveraged Index Return Notes due Dec. 19, 2025 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.31 times any index gain.

Otherwise, investors will lose 1% for every 1% decline.

BofA Securities, Inc. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged Index Return Notes
Underlying index:	Russell 1000 Value
Amount:	$20,011,200
Maturity:	Dec. 19, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.31 times any index gain; 1% loss for every 1% decline
Initial level:	1.330.114
Final level:	Average of index’s closing levels on five trading days ending Dec. 16, 2025
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	78014T742

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.