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RBC plans to price barrier return notes due 2022 linked to MSCI World
By Marisa Wong
Morgantown, W.Va., April 25 – Royal Bank of Canada plans to price 0% barrier return notes due April 29, 2022 linked to the MSCI World index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 100% to 107% of the index return. If the index return is between zero and negative 50%, inclusive, the payout will be par. If the index return is less than negative 50%, investors will lose 1% for every 1% that the index declines from its initial level.
RBC Capital Markets LLC is the underwriter.
The notes will price April 26.
The Cusip number is 78012KJ24.
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