Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Facebook, Inc. > News item |
RBC plans contingent coupon barrier autocalls tied to Apple, Facebook
By Susanna Moon
Chicago, Oct. 17 – Royal Bank of Canada plans to price autocallable contingent coupon barrier notes due Oct. 23, 2020 linked to the lesser performing of the common stocks of Apple Inc. and Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8% to 9% if each stock closes at or above its 65% trigger level on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any observation date beginning April 20, 2018.
The payout at maturity will be par unless either stock finishes below its 65% trigger level, in which case investors will be exposed to any losses of the worse performing stock.
RBC Capital Markets, LLC is the underwriter.
The notes will price on Oct. 20.
The Cusip number is 78013GKE4.
© 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.