Published on 6/16/2022 in the Prospect News Structured Products Daily.
New Issue: RBC prices $8.8 million trigger in-digital securities linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 16 – Royal Bank of Canada priced $8.8 million of 0% trigger in-digital securities due June 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is greater than or equal to its digital barrier, 70% of its initial level, the payout at maturity will be par of $10 plus 8.25%.
If the final level of the index is less than its digital barrier, investors will lose 1% for every 1% that the index declines from its initial level.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
Issuer: | Royal Bank of Canada
|
Issue: | Trigger in-digital securities
|
Underlying index: | S&P 500 index
|
Amount: | $8.8 million
|
Maturity: | June 28, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If final level of the index is greater than or equal to digital barrier, par plus 8.25%; if final level of the index is less than digital barrier, 1% loss for every 1% that index declines from initial level
|
Initial level: | 3,900.86
|
Digital barrier: | 2,730.6; 70% of initial level
|
Strike date: | June 13
|
Pricing date: | June 16
|
Settlement date: | June 23
|
Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
Fees: | 1%
|
Cusip: | 78016D174
|
|
© 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.