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RBC plans to price barrier booster notes linked to Stoxx
By Sarah Lizee
Olympia, Wash., March 20 – Royal Bank of Canada plans to price 0% barrier booster notes due Oct. 1, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than the 45% to 55% booster, the payout at maturity will be par plus the index return.
If the index return is positive but does not exceed the booster, the payout will be par plus the booster.
If the index return is zero to negative 40%, the payout will be par.
If the index return is less than negative 40%, investors will lose 1% for every 1% that the final level is less than the initial level.
RBC Capital Markets, LLC is the underwriter.
The notes will price on March 26.
The Cusip number is 78015KPG3.
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