New Issue: RBC prices $387,000 leveraged buffered index-linked notes tied to MSCI EAFE

By Kiku Steinfeld

Chicago, March 2 – Royal Bank of Canada priced $387,000 of 0% leveraged buffered index-linked notes due Sept. 6, 2024 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above its initial level, the payout at maturity will be par plus 1.8 times the gain, up to a maximum payout of $1,324.36 per $1,000 principal amount of notes.

If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1.1765% for every 1% decline beyond 15% of its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	MSCI EAFE
Amount:	$387,000
Maturity:	Sept. 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus 1.8 times index gain, capped at $1,324.36 per $1,000 principal amount of notes; if index finishes flat or falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
Initial index levels:	1,897.49
Pricing date:	Nov. 21, 2022
Settlement date:	Nov. 29, 2022
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78016HAX8

© 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.