RBC plans to price autocallable barrier notes tied to the Dow, Nasdaq

By Sarah Lizee

Olympia, Wash., Oct. 21 – Royal Bank of Canada plans to price 0% autocallable barrier notes due Oct. 30, 2023 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 8.35% per year if each index closes at or above its initial level on any quarterly observation date.

The payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

RBC Capital Markets, LLC is the agent.

The notes will price on Oct. 25.

The Cusip number is 78015KGB4.

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