New Issue: RBC sells $3.85 million buffered booster absolute return notes linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, June 14 – Royal Bank of Canada priced $3.95 million of 0% buffered booster absolute return notes due June 14, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains by more than plus 42%, the payout at maturity will be par plus the return.

If the index gains by up to 42%, the payout will be par plus 42%.

If the index falls by up to 20%, the payout will be par, plus the absolute value of the return.

Otherwise, investors will have 1-to-1 to losses beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered booster absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$3,851,000
Maturity:	June 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains by more than 42%, par plus the return; if index gains by up to 42%, par plus 42%; if index falls by up to 20%, par plus absolute value of return; 1-to-1 to losses beyond 20%
Initial index level:	3,586.07
Buffer level:	2,868.86, 80% of initial level
Pricing date:	June 9
Settlement date:	June 14
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KW78

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.