RBC intends to price notes due 2024 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., Jan. 9 – Royal Bank of Canada plans to price 0% notes due Feb. 1, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 50% to 60%. If the index finishes flat or falls, the payout will be par.

RBC Capital Markets, LLC is the underwriter.

The notes will price on Jan. 29.

The Cusip number is 78013XWE4.

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