Published on 3/22/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.79 million digital barrier return notes linked to S&P Futures
By William Gullotti
Buffalo, N.Y., March 22 – Royal Bank of Canada priced $1.79 million of 0% digital barrier return notes due March 20, 2029 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above barrier level, 75% of initial level, the payout at maturity will be par plus 55%.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Digital barrier return notes
|
Underlying index: | S&P 500 Futures Excess Return index
|
Amount: | $1,787,000
|
Maturity: | March 20, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above barrier level, par plus 55%; otherwise, full exposure to decline
|
Initial level: | 449.26
|
Barrier level: | 336.95; 75% of initial level
|
Pricing date: | March 15
|
Settlement date: | March 20
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 0.033%
|
Cusip: | 78017FMF7
|
|
© 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.