Published on 1/9/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.03 million digital notes with barrier tied to two indexes, ETF
By William Gullotti
Buffalo, N.Y., Jan. 9 – Royal Bank of Canada priced $1.03 million of 0% digital notes with barrier due Dec. 30, 2027 tied to the S&P 500 index, the VanEck Gold Miners ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier finishes at or above barrier level, 55% of initial level, the payout at maturity will be par plus 40%.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Digital notes with barrier
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Underlying assets: | S&P 500 index, VanEck Gold Miners ETF, Russell 2000 index
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Amount: | $1,025,000
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Maturity: | Dec. 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the worst performer finishes at or above barrier level, par plus 40%; otherwise, full exposure to decline of worst performer
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Initial levels: | $31.17 for ETF, 4,783.35 for S&P, 2,058.335 for Russell
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Barrier levels: | $17.14 for ETF, 2,630.84 for S&P, 1,132.084 for Russell; 55% of initial levels
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78017F7M9
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