Published on 3/8/2017 in the Prospect News Structured Products Daily.
New Issue: RBC prices $667,000 trigger gears with no cap linked to MSCI EAFE
By Susanna Moon
Chicago, March 8 – Royal Bank of Canada priced $667,000 of 0% trigger gears due Feb. 28, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.42 times any index gain.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% downside threshold level.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Trigger gears
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Underlying index: | MSCI EAFE index
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Amount: | $667,000
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Maturity: | Feb. 28, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.42 times any index gain; par if index falls by up to 15% and full exposure to any losses if index finishes below downside threshold
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Initial level: | 1,750.52
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Downside threshold: | 1,487.94, 85% of initial level
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Pricing date: | Feb. 24
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Settlement date: | Feb. 28
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Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78014E364
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