By Marisa Wong
Morgantown, W.Va., June 5 – Royal Bank of Canada priced $2.2 million of 0% barrier booster notes due June 1, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund gains by more than 41%, the payout at maturity will be par plus the return.
If the fund gains by up to the booster percentage, the payout will be par plus the booster coupon of 41%.
Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund finishes below the 70% barrier level.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Barrier booster notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $2,198,000
|
| Maturity: | June 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the fund gains by more than 41%, par plus the return; if the fund gains by up to the booster percentage, par plus 41%; par if the fund falls by up to 30%; full exposure to any losses if the fund finishes below the 70% barrier level
|
| Initial price: | $66.05
|
| Barrier level: | $46.24, 70% of initial price
|
| Pricing date: | May 26
|
| Settlement date: | May 31
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 3.25%
|
| Cusip: | 78012KP76
|
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