New Issue: RBC sells $112,000 barrier booster notes linked to S&P, Stoxx 50

By Sarah Lizee

Olympia, Wash., March 27 – Royal Bank of Canada priced $112,000 of 0% barrier booster notes due April 1, 2024 linked to the worse performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser performing index is greater than or equal to its initial level but not by more than the booster coupon, 67%, the payout at maturity will be par plus the 67% booster coupon.

If the final level of the lesser performing index is greater than the booster coupon, the payout will be par plus the return of the lesser performing index.

If the lesser performing index falls by up to 40%, the payout will be par.

Otherwise, investors will be exposed to the decline of the lesser performing index from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$112,000
Maturity:	April 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains by up to 67%, par plus the 67% booster coupon; if lesser performing index gains beyond booster coupon, par plus return of the lesser performing index; if lesser performing index falls by up to 40%, par; otherwise, full exposure to loss of lesser performing index
Initial levels:	2,818.46 for S&P, 3,319.53 for Stoxx
Barrier levels:	1,691.08 for S&P, 1,991.72 for Stoxx, 60% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78013X3D8

© 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.