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RBC to price four-year barrier booster notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 21 – Royal Bank of Canada plans to price 0% barrier booster notes due Feb. 28, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than the booster, the payout at maturity will be par plus the index return. The booster is expected to be 45.5% to 52.5% and will be set at pricing.
If the index return is positive but does not exceed the booster, the payout will be par plus the booster.
If the index return is zero to negative 30%, the payout will be par.
If the index return is less than negative 30%, investors will lose 1% for every 1% that the final level is less than the initial level.
RBC Capital Markets LLC is the underwriter.
The notes will price Feb. 23.
The Cusip number is 78013XEX2.
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