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RBC plans buffered booster absolute return notes tied to Euro Stoxx
By Susanna Moon
Chicago, July 14 – Royal Bank of Canada plans to price 0% buffered booster absolute return notes due July 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than 41.5% to 49.5% booster, the payout at maturity will be par plus the return. The exact booster coupon will be set at pricing.
If the index gains by up to the booster, the payout will be par plus booster.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be exposed to any losses beyond 20%.
RBC Capital Markets, LLC is the agent.
The notes will price on July 26.
The Cusip number is 78012K2E6.
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