Published on 4/25/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.03 million barrier enhanced return notes linked to Solactive index
By William Gullotti
Buffalo, N.Y., April 25 – Royal Bank of Canada priced $1.03 million of 0% barrier enhanced return notes due April 3, 2029 linked to the Solactive Equal Weight U.S. Blue Chip Select AR 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 250% of the return. Investors will receive par if the index declines by 40% or less and will lose 1% for every 1% that the index declines from initial level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Barrier enhanced return notes
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Underlying index: | Solactive Equal Weight U.S. Blue Chip Select AR index
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Amount: | $1,025,000
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Maturity: | April 3, 2029
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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, par plus 250% of the index return; par if index declines by 40% or less; otherwise, 1% loss for every 1% that the index declines from initial level
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Initial levels: | 1,945.08
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Barrier levels: | 1,167.05; 60% of initial levels
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Pricing date: | March 28
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Settlement date: | April 2
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78017FQ30
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