By Marisa Wong
Morgantown, W.Va., Dec. 20 – Royal Bank of Canada priced $2 million of 0% barrier booster notes due Dec. 20, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 56%, the payout at maturity will be par plus the index return.
If the index return is positive but does not exceed 56%, the payout will be par plus 56%.
If the index return is zero to negative 20%, the payout will be par.
If the index return is less than negative 20%, investors will lose 1% for every 1% that the final level is less than the initial level.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Barrier booster notes
|
Underlying index: | S&P 500
|
Amount: | $2 million
|
Maturity: | Dec. 20, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than 56%, par plus index return; if index return is positive but does not exceed 56%, par plus 56%; if index return is zero to negative 20%, par; if index return is less than negative 20%, 1% loss for every 1% that final level is less than initial level
|
Initial index level: | 2,262.03
|
Barrier level: | 1,809.62, 80% of initial level
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 20
|
Underwriter: | RBC Capital Markets, LLC
|
Fees: | 2.5%
|
Cusip: | 78012KXM4
|
|
© 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.