Published on 5/3/2023 in the Prospect News Structured Products Daily.
New Issue: RBC sells $3.78 million capped market-linked notes with principal return on Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, May 3 – Royal Bank of Canada priced $3.78 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due Nov. 2, 2026 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, subject to a maximum payout of par plus 27%.
Otherwise, investors will receive par.
Wells Fargo Securities, LLC is are the agent.
Issuer: | Royal Bank of Canada
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Issue: | Market-linked securities – upside participation to a cap and principal return at maturity
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Underlying index: | Nasdaq-100 index
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Amount: | $3,778,000
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Maturity: | Nov. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain in index, capped at par plus 27%; otherwise, par
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Initial level: | 13,160.03
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Pricing date: | April 27
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Settlement date: | May 2
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Agent: | Wells Fargo Securities LLC
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Fees: | 3.325%
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Cusip: | 78016HWJ5
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