Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: RBC sells $575,000 capped buffered return enhanced notes on Stoxx
Chicago, May 16 – Royal Bank of Canada priced $575,000 of capped buffered return enhanced notes due Oct. 12, 2023 linked to the Euro Stoxx 50 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 1.5 times the index gain, capped at par plus 27.9%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1.1765% for each 1% decline beyond 15%.
RBC Capital Markets, LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA acting as the placement agents.
Issuer: | Royal Bank of Canada
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $575,000
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Maturity: | Oct. 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, capped at par plus 27.9%; if the index declines by up to buffer level, the payout will be par; investors will lose 1.1765% for each 1% decline beyond 15% buffer
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Initial level: | 4,098.34
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Buffer level: | 3,483.59, 85% of initial level
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Pricing date: | Oct. 7, 2021
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Settlement date: | Oct. 13, 2021
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Agent: | RBC Capital Markets, LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 0%
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Cusip: | 78016F3G7
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