Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: RBC prices $377,000 buffered enhanced return notes linked to gold ETF
Chicago, Feb. 12 – Royal Bank of Canada priced $377,000 of 0% buffered enhanced return notes due Nov. 29, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the return, capped at par plus 25%.
Investors will receive par if the ETF declines by 20% or less and will lose 1% for every 1% that the ETF declines beyond 20%.
RBC Capital Markets, LLC is the selling agent.
Issuer: | Royal Bank of Canada
|
Issue: | Buffered enhanced return notes
|
Underlying fund: | VanEck Gold Miners ETF
|
Amount: | $377,000
|
Maturity: | Nov. 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF return is positive, par plus 200% of ETF return, capped at par plus 25%; par if ETF declines by 20% or less; 1% loss for every 1% of ETF decline beyond 20%
|
Initial level: | $30.26
|
Buffer level: | $24.21; 80% of initial level
|
Pricing date: | May 25, 2023
|
Settlement date: | May 31, 2023
|
Selling agent: | RBC Capital Markets, LLC
|
Fees: | 1.75%
|
Cusip: | 78016NBP1
|
|
© 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.