RBC plans four-year bullish barrier booster notes linked to SPDR Dow

By Susanna Moon

Chicago, Jan. 9 - Royal Bank of Canada plans to price 0% bullish barrier booster notes due Feb. 2, 2017 linked to the SPDR Dow Jones Industrial Average exchange-traded fund Trust, according to an FWP filing with the Securities and Exchange Commission.

If the fund gains by more than 25%, the payout at maturity will be par plus 115% to 135% of the gain plus a booster coupon of 25%. The exact deal terms will be set at pricing.

If the shares gain by up to 25%, the payout will be par plus the booster coupon of 25%.

Investors will receive par if the fund falls by up to 25% and will be exposed to any losses if the shares fall below the 75% barrier level.

RBC Capital Markets, LLC is the underwriter.

The notes will price on Jan. 28 and settle on Jan. 31.

The Cusip number is 78008SVF0.

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