Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: RBC sells $585,000 bullish barrier enhanced notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Jan. 28 – Royal Bank of Canada priced $585,000 of 0% bullish barrier enhanced return notes due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 47.625%.
Investors will receive par if the index falls by 30% or less and will be fully exposed to any losses if the index finishes below the 70% barrier level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Bullish barrier enhanced return notes
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Underlying index: | Euro Stoxx 50
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Amount: | $585,000
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Maturity: | Jan. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 47.625%; par if index declines by up to 30%; full exposure to any losses if index falls below barrier level
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Initial index level: | 3,032.84
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Barrier level: | 2,122.99, 70% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | RBC Capital Markets, LLC
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Fees: | 2.75%
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Cusip: | 78012KKN6
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