Published on 8/4/2014 in the Prospect News Structured Products Daily.
New Issue: RBC prices $15.88 million trigger jump notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 4 – Royal Bank of Canada priced $15.88 million of 0% trigger jump securities due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the threshold level, 139% of the initial index level, the payout at maturity will be par of $10 plus the index return.
If the final index level is less than or equal to the threshold level and greater than or equal to the initial index level, the payout will be par plus 39%.
If the final index level is less than the initial index level and greater than or equal to the trigger level, 60% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will have one-to-one exposure to the index’s decline from its initial level.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | Royal Bank of Canada
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $15,878,990
|
| Maturity: | Aug. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than threshold level, par plus index return; if final index level is less than or equal to threshold level and greater than or equal to initial index level, par plus 39%; if final index level is less than initial index level and greater than or equal to trigger level, par; if final index level is less than trigger level, one-to-one exposure to index’s decline from initial level
|
| Initial index level: | 3,115.51
|
| Threshold level: | 4,330.56, 139% of initial level
|
| Trigger level: | 1,869.31, 60% of initial index level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | RBC Capital Markets, LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 78011Q774
|
© 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.
