By Wendy Van Sickle
Columbus, Ohio, Jan. 23 – Royal Bank of Canada priced $2.25 million of 0% buffer digital return securities due Jan. 25, 2019 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 90% digital barrier level, the payout at maturity will be par plus the digital return of 16.15%.
Otherwise, investors will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
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Issue: | Buffer digital return securities
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Underlying fund: iShares Russell 2000 ETF
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Amount: | $2.25 million
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Maturity: | Jan. 25, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund closes above 90% digital barrier, par plus 16.15%; otherwise, exposure to any losses beyond 10%
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Initial level: | $134.85
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Pricing date: | Jan. 18
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Settlement date: | Jan. 23
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Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
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Fees: | 1%
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Cusip: | 78014E299
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