Published on 9/15/2021 in the Prospect News Structured Products Daily.
New Issue: RBC prices $5.08 million 5.65% geared buffered notes linked to Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Sept. 15 – Royal Bank of Canada priced $5.08 million of 5.65% geared buffered notes due Oct. 13, 2022 linked to the worst performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless either index finishes below its buffer level, 82.5% of the initial price, in which case investors will lose 1.2121% for every 1% decline of the worst performing index beyond the 17.5% buffer.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Geared buffered notes
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Underlying indexes: | Russell 2000 index, Nasdaq-100 index
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Amount: | $5,075,000
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Maturity: | Oct. 13, 2022
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Coupon: | 5.65% annualized, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either index falls below buffer level, in which case investors will lose 1.2121% for every 1% decline of worst performing index beyond 17.5%%
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Initial prices: | 2,249.726 for Russell, 15,620.85 for Nasdaq
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Buffer prices: | 1,856.024 for Russell, 12,887.2 for Nasdaq; 82.5% of initial prices
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Strike date: | Sept. 8
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Pricing date: | Sept. 9
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Settlement date: | Sept. 14
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Agent: | RBC Capital Markets, LLC
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Fees: | None
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Cusip: | 78016E2R7
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