By Kiku Steinfeld
Chicago, Dec. 13 – Royal Bank of Canada priced $1 million of 0% booster notes due Aug. 25, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive but does not exceed the booster, 50.54% of initial level, the payout at maturity will be par plus the booster percentage.
If the index return is positive and exceeds 50.54%, the payout will be par plus the index gain.
If the index return is negative, 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
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| Issue: | Booster notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Aug. 25, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive but does not exceed booster, par plus booster percentage; if return is positive and exceeds booster, par plus gain; if return is negative, exposure to losses
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| Initial index level: | 4,147.50
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| Booster percentage: | 50.54% of initial level
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| Pricing date: | Aug. 20
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| Settlement date: | Aug. 25
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 3.25%
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| Cusip: | 78016EK97
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