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 to price barrier booster notes linked to index, ETF
By Sarah Lizee
Olympia, Wash., Jan. 13 – Royal Bank of Canada plans to price 0% barrier booster notes due Jan. 27, 2023 linked to the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset gains by more than the booster coupon, 39% to 42%, the payout at maturity will be par plus the return of the worse performing asset. The actual booster coupon will be set at pricing.
If the worse performing asset gains by up to the booster coupon, the payout will be par plus the booster coupon.
If either asset falls by up to the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing asset.
RBC Capital Markets, LLC is the agent.
The notes will price on Jan. 24.
The Cusip number is 78015KQE7.
© 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.