Overview
The Debt Securities have been designed to provide investors with exposure to the shares of the iShares® iBoxx $ High Yield Corporate Bond, the iShares® 7-10 Year Treasury Bond ETF and the SPDR® S&P 500® ETF Trust or a notional deposit instrument which will accrue interest daily at the Federal Reserve Bank of New York overnight rate, depending on the Closing Level of the ICE BofAML US High Yield Master II Option-Adjusted Spread (the “Index”) and the Closing Price of the Underlying Securities of the SPY ETF and the Total Return of the Underlying Securities of the IEF ETF relative to their respective Moving Averages on each weekly Allocation Date in accordance with the Strategy, while at the same time providing a partial hedge of the potential currency risk between the Canadian dollar currency, in which the Debt Securities and all payments under the Debt Securities to holders of the Debt Securities are denominated, and the United States dollar currency in which the notional investments in the Portfolio are denominated.Summary Details
Initial Price | $100.00 |
Current Price as of 20-Aug-20 | $ |
Current ETC | 2.20 % |
Current Price Less ETC | $ |
ETC End Date | 04-Apr-21 |
Issue Date | 05-Oct-20 |
Maturity Date | 06-Sep-40 |
Term | 19.95 years |
Denomination | CAD |
FundSERV Code | RBC8039 |
ADP Code | R038167 |
CUSIP | |
Product Type | Rules-Based Investment Securities |
Structure | US Multi Asset |
Reference Information
Secondary Market | Fundserv |
Asset Class | Equity – US |
Principal Protection | None |
Early Trading Charge Schedule
# of Days since Settlement: | -46 | |
Current ETC | 2.20 % |
Period | Date | ETC |
---|---|---|
1 - 90 days | 03-Jan-21 | 2.20 % |
91 - 180 days | 03-Apr-21 | 1.10 % |
Thereafter | 04-Apr-21 | 0% |
Fees
Ongoing MER | 1.60 % |
Historical Performance
Benchmarks
Historical Pricing
Day Over Day Price Change | $0.00 | |
52 Week High | $ () | |
52 Week Low | $ () |
Performance of Underlying Markets
Value of the Portfolio
Initial NAV | $97.65 |
Distribution Type | ROC |
Documents
Disclaimer
The material on this website is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy Notes. An investment in principal at risk notes may not be suitable for all investors. Principal at risk notes are not principal protected and repayment of the principal amount invested is not guaranteed. Any return on principal at risk notes depends on the performance of the underlying assets. Investors should read the applicable Pricing Supplement for an issue of Notes carefully before investing and should discuss the suitability of an investment in the Notes with their investment advisor before making an investment decision. The offering and sale of Notes may be prohibited or restricted by laws in certain jurisdictions. Notes may only be purchased where they may be lawfully offered for sale and only through individuals qualified to sell them in such jurisdictions. Certain information contained herein was obtained from public sources and/or calculated data publicly available. Such information and any statistical data contained herein have been obtained from sources which RBC Dominion Securities Inc. (“RBC”) believes to be reliable, but neither RBC nor the Bank has independently verified the accuracy or completeness of any such information nor assumes any responsibility or liability of any nature whatsoever for the completeness, adequacy, or accuracy of such information. RBC, the Bank and its affiliates expressly disclaim any liability or responsibility to you or to any other person for any general, direct, indirect, incidental, special or consequential losses or damages (including, but not limited to, loss of profits or revenue or failure to realize expected profits or savings or the avoidance of any losses) arising out of or related to the material on this website or its use. Please refer as well to the additional Policies and Disclaimers available at: https://www.rbccm.com/en/policies-disclaimers.page.
Index Disclaimer
The Index referred to above (the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and, if applicable, TSX Inc., and has been licensed for use by Royal Bank of Canada (the “Bank”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). TSX is a registered trademark of TSX Inc. The trademarks have been licensed for use by SPDJI and have been sublicensed for certain purposes by the Bank. The Bank’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or TSX Inc. and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the Index.
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