This is a 6 year autocall paying in Sterlings issued by Royal Bank of Canada linked to the performance of EURO STOXX 50 Index and FTSE 100 Index between 8/5/2014 and 7/22/2020. Although the latest maturity date is 7/22/2020, the product will be monitored at annual periods. The product will mature early if at any annual date, from period 1, the worst performing underlying is at or above 100%, 100%, 100%, 90% and 80% of its initial level (at the relevant date). In which case, the product will repay the initial investment plus a coupon of 8.05%, 16.1%, 24.15%, 32.2% and 40.25% (at the relevant date when the autocall is triggered). If the product runs to maturity, the product will repay the initial investment plus a coupon of 48.3% so long as the worst performing underlying is at or above 65%. If the European protection barrier of 65% has not been breached, the nominal value will be paid, otherwise the product will repay the initial investment less any negative worst performing underlying measured over the term of the product
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Catley Lakeman 680 FTSE Eurostoxx Defensive Autocall 8.05
Key Investment Document (KID)
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