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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 | |
---|---|---|---|---|---|---|---|---|
1.95 | 1.97% | 101.17 | 101.31 | 99.99 | 100.12 | 2,470,596 | 01:00:00 |
ACCELERATED RETURN NOTES® (ARNs®)
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Accelerated Return Notes® Linked to the Energy Select Sector Index
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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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The Energy Select Sector Index (Bloomberg symbol: “IXE”)
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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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[$12.80 to $13.20] per unit, a [28.00% to 32.00%] 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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https://www.sec.gov/Archives/edgar/data/1000275/000114036121039866/brhc10031370_fwp.htm
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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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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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The stocks included in the Index are concentrated in one sector.
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A limited number of Index components may affect the Index level and the Index is not necessarily representative of the energy sector.
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The stocks of companies in the energy sector are subject to swift price fluctuations.
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(1)
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The Redemption Amount per unit cannot exceed the hypothetical Capped Value.
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1 Year Royal Bank of Canada Chart |
1 Month Royal Bank of Canada Chart |
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