Published on 7/23/2021 in the Prospect News Structured Products Daily.
New Issue: RBC sells $2.36 million leveraged market-linked notes on iShares Global Clean Energy
By Kiku Steinfeld
Chicago, July 23 – Royal Bank of Canada priced $2.36 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 6, 2022 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, up to par plus 11.5%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Market-linked securities with leveraged upside participation and fixed percentage buffered downside
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Underlying fund: | iShares Global Clean Energy ETF
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Amount: | $2,359,000
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Maturity: | Sept. 6, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, up to par plus 11.5%; par if the fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial fund level: | $22.92
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Threshold level: | $20.628, 90% of initial level
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Pricing date: | May 28
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Settlement date: | June 3
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.23%
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Cusip: | 78016EZG5
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