Published on 2/14/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $94,000 buffered enhanced return notes linked to MSCI EAFE
Chicago, Feb. 14 – Royal Bank of Canada priced $94,000 of 0% buffered enhanced return notes due Dec. 31, 2026 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the return, capped at par plus 48.35%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
RBC Capital Markets, LLC is the selling agent.
Issuer: | Royal Bank of Canada
|
Issue: | Buffered enhanced return notes
|
Underlying index: | MSCI EAFE index
|
Amount: | $94,000
|
Maturity: | Dec. 31, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of index return, capped at par plus 48.35%; par if index declines by 10% or less; 1% loss for every 1% of index decline beyond 10%
|
Initial level: | 2,241.21
|
Buffer level: | 2,017.09; 90% of initial level
|
Pricing date: | Dec. 28, 2023
|
Settlement date: | Jan. 3, 2024
|
Selling agent: | RBC Capital Markets, LLC
|
Fees: | 0.25%
|
Cusip: | 78017F3G6
|
|
© 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.