Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
RBC intends to price barrier booster notes due 2022 on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Dec. 22 – Royal Bank of Canada plans to price 0% barrier booster notes due Dec. 30, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index gains by more than the booster percentage of 46% to 54%, the payout at maturity will be par plus the return. The exact booster percentage will be set at pricing
If the index gains by up to the booster percentage, the payout will be par plus the booster coupon of 46% to 54%, with the exact booster coupon to be set at pricing.
Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline of the index from its initial level if the index finishes below the 60% barrier level.
RBC Capital Markets LLC is the underwriter.
The notes (Cusip: 78013XBX5) will price on Dec. 27 and settle on Dec. 29.
© 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.