Published on 8/8/2019 in the Prospect News Structured Products Daily.
New Issue: RBC prices $3.02 million buffered enhanced return notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – Royal Bank of Canada priced $3.02 million of 0% buffered enhanced return notes due Sept. 18, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum amount of $1,108 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Buffered enhanced return notes
|
Underlying index: | S&P 500
|
Amount: | $3.02 million
|
Maturity: | Sept. 18, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain, up to $1,108 per $1,000 principal amount of notes; par if index falls by 10% or less; 1% loss per 1% decline beyond 10%
|
Initial level: | 2,953.56
|
Buffer level: | 2,658.2, 90% of initial level
|
Pricing date: | Aug. 1
|
Settlement date: | Aug. 6
|
Underwriter: | RBC Capital Markets, LLC
|
Fees: | 0.1%
|
Cusip: | 78013XYD4
|
|
© 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.