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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Royal Bank of Canada | NYSE:RY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.42 | -0.33% | 126.05 | 126.60 | 125.07 | 126.47 | 2,787,538 | 01:00:00 |
ACCELERATED RETURN NOTES® (ARNs)®
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Accelerated Return Notes® Linked to the JPX-Nikkei Index 400
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Issuer
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Royal Bank of Canada (“RBC”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately 14 months
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Market Measure
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JPX-Nikkei Index 400 (Bloomberg symbol: “JPNK400”)
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Payout Profile at Maturity
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· 3-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value
· 1-to-1 downside exposure to decreases in the Market Measure, with 100% of your investment at risk
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Capped Value
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[$11.20 - $11.60] per unit, a [12% - 16%] return over the principal amount, to be determined on the pricing date
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Investment
Considerations
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This investment is designed for investors who anticipate that the Market Measure will increase moderately over the term of the notes, and are willing to accept a capped return, take full downside risk and forgo interim interest payments.
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Preliminary Offering Documents
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http://www.sec.gov/Archives/edgar/data/1000275/000121465915002591/n326152fwp.htm | |
Exchange Listing
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No
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Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
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Payments on the notes, including repayment of principal, are subject to the credit risk of RBC. If RBC becomes insolvent or is unable to pay its obligations, you may lose your entire investment.
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Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Market Measure.
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There are uncertainties regarding the Index because of its extremely limited performance history, and there is no assurance that the investment view implicit in the Index will be successful.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
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You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.
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Your return on the notes and the value of the notes may be affected by exchange rate movements and factors affecting the international securities markets.
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1 Year Royal Bank of Canada Chart |
1 Month Royal Bank of Canada Chart |
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