| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC plans five-year barrier booster notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 14 – Royal Bank of Canada plans to price 0% barrier booster notes due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than 53.5% to 61.5% booster, the payout at maturity will be par plus the return. The exact booster coupon will be set at pricing.
If the index gains by up to the booster, the payout will be par plus booster.
If the index falls by up to 30%, the payout will be par.
If the index finishes below its 70% barrier, investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
The notes will price on July 26.
The Cusip number is 78012K2D8.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.