By Angela McDaniels
Tacoma, Wash., May 8 – Royal Bank of Canada priced $2.24 million of 0% buffered return notes with lookback initial level due Feb. 10, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the lowest closing level of the index on any trading day from May 5 to and including June 5.
If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it may decline beyond 20%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Buffered return notes with lookback initial level
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,239,000
|
| Maturity: | Feb. 10, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return; par if index declines by 20% or less; 1% loss for every 1% that index may decline beyond 20%
|
| Initial index level: | Lowest closing level of index on any trading day from May 5 to and including June 5
|
| Pricing date: | May 5
|
| Settlement date: | May 10
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 3%
|
| Cusip: | 78012KQ83
|
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