RBC to price barrier booster notes linked to S&P 500, Dow

By Sarah Lizee

Olympia, Wash., Jan. 10 – Royal Bank of Canada plans to price 0% barrier booster notes due Jan. 22, 2026 linked to the worse performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser performing index is greater than or equal to its initial level but its percentage change does not exceed the booster coupon, 38% to 42%, the payout will be par plus the booster coupon.

If the final level of the lesser performing index is greater than its initial level and its percentage change exceeds the booster coupon, the payout will be par plus the return of the lesser performing index.

If the final level of the lesser performing index is less than its initial level, but is not less than its barrier level, 60% of its initial level, the payout will be par.

If the final level of the lesser performing asset is less than its barrier level, investors will be fully exposed to the decline of the lesser performing index from its initial level.

RBC Capital Markets, LLC is the agent.

The notes will price on Jan. 16.

The Cusip number is 78015KPN8.

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