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RBC plans to price buffered booster notes linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Nov. 8 – Royal Bank of Canada plans to price 0% buffered booster notes due Dec. 1, 2023 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 58% to 64% 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 25%, the payout will be par.
If the index return is less than negative 25%, investors will lose 1% for every 1% that the index declines beyond 25%.
RBC Capital Markets, LLC is the underwriter.
The notes are expected to price Nov. 28 and settle on Nov. 30.
The Cusip number is 78013XR75.
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