Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
RBC plans two-year contingent coupon barrier notes linked to JPMorgan
By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – Royal Bank of Canada plans to price callable contingent coupon barrier notes due Jan. 28, 2019 linked to JPMorgan Chase & Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.6% if the stock closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter.
The notes are callable at par on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the underwriter.
The notes will price on Jan. 23 and settle on Jan. 26.
The Cusip number is 78013GBY0.
© 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.