Overview
The Debt Securities have been designed for equity investors seeking a return based on the weighted performance of a portfolio of six Canadian chartered bank stocks where the two top dividend yielding bank stocks are weighted 25.000% each, the next two top dividend yielding bank stocks are weighted 16.667% each and the two lowest dividend yielding bank stocks are weighted 8.333% each. The Portfolio is re-balanced quarterly.Summary Details
Initial Price | $100.00 |
Current Price as of | $ |
Current ETC | 0.00 % |
Current Price Less ETC | $ |
ETC End Date | 25-Jan-23 |
Issue Date | 03-Feb-21 |
Maturity Date | 05-Dec-40 |
Term | 19.85 years |
Denomination | CAD |
FundSERV Code | RBC7310 |
ADP Code | R039095 |
CUSIP | |
Product Type | Rules-Based Investment Securities |
Structure | CAD Bank |
Reference Information
Secondary Market | Fundserv |
Asset Class | Equity – Domestic |
Principal Protection | None |
Underlying
BANK OF MONTREAL (BMO) |
BANK OF NOVA SCOTIA/THE (BNS) |
CANADIAN IMPERIAL BANK OF COMMERCE (CM) |
NATIONAL BANK OF CANADA (NA) |
ROYAL BANK OF CANADA (RY) |
TORONTO-DOMINION BANK/THE (TD) |
Early Trading Charge Schedule
# of Days since Settlement: | 1563 | |
Current ETC | 0.00 % |
Period | Date | ETC |
---|---|---|
1 - 180 days | 02-Aug-21 | 4.30 % |
181 - 270 days | 31-Oct-21 | 3.30 % |
271 - 360 days | 29-Jan-22 | 2.55 % |
361 - 450 days | 29-Apr-22 | 1.80 % |
451 - 540 days | 28-Jul-22 | 1.20 % |
541 - 630 days | 26-Oct-22 | 0.80 % |
631 - 720 days | 24-Jan-23 | 0.40 % |
Thereafter | 25-Jan-23 | 0% |
Fees
Ongoing MER | 1.65 % |
Historical Performance
Benchmarks
Historical Pricing
Day Over Day Price Change | $ | |
52 Week High | $ () | |
52 Week Low | $ () |
Performance of Underlying Markets
Portfolio | Ticker | Dividend Yield |
Portfolio Weight |
Yield Contribution |
---|---|---|---|---|
TORONTO-DOMINION BANK/THE | TD | 5.08% |
- |
- |
ROYAL BANK OF CANADA | RY | 3.74% |
- |
- |
BANK OF MONTREAL | BMO | - |
- |
- |
CANADIAN IMPERIAL BANK OF COMMERCE | CM | - |
- |
- |
NATIONAL BANK OF CANADA | NA | - |
- |
- |
BANK OF NOVA SCOTIA/THE | BNS | - |
- |
- |
Total Yield Contribution | 0% |
Corporate Actions
Effective May 16, 2022: Canadian Imperial Bank of Commerce underwent a 2 for 1 stock split.Value of the Portfolio
Initial NAV | $95.55 |
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.
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