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RBC plans to issue digital plus barrier notes on Euro Stoxx 50
By Emma Trincal
Buffalo, N.Y., Nov. 15 – Royal Bank of Canada will issue 0% digital plus barrier notes due Nov. 17, 2026 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the index return and the digital return amount of 50.6%.
Investors will receive par if the index falls by up to 25%. Otherwise, they will be fully exposed to the index’s decline from its initial level.
RBC Capital Markets, LLC is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are acting as placement agents.
The notes priced on Nov. 12 and will settle on Nov. 17.
The Cusip number is 78016F5M2.
The fee is 3%.
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