| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
RBC to price six-year barrier booster notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 28 – Royal Bank of Canada plans to price 0% barrier booster notes due Sept. 1, 2023 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index gains by more than the booster percentage, 37.6% to 43.6%, the payout at maturity will be par plus the index return.
If the index gains by up to the booster percentage, the payout will be par plus the booster coupon of 37.6% to 43.6%.
If the index finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will be exposed to any losses.
RBC Capital Markets LLC is the underwriter.
The notes will price on Aug. 29.
The Cusip number is 78012K4C8.
© 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.