New Issue: RBC prices $3.52 million barrier booster notes linked to MSCI EAFE index

By Angela McDaniels

Tacoma, Wash., March 13 – Royal Bank of Canada priced $3.52 million of 0% barrier booster notes due July 2, 2029 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 54%.

If the final index level is less than the initial index level but is not less than the barrier level, 70% of the initial index level, the payout will be par.

If the final index level is less than the barrier level, investors lose 1% for every 1% that the index declines from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying index:	MSCI EAFE index
Amount:	$3.52 million
Maturity:	July 2, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of index return and 54%; if final index level is less than initial index level but is not less than barrier level, par; otherwise, 1% loss for every 1% that index declines from its initial level
Initial level:	2,103.75
Barrier level:	1,472.63, or 70% of initial level
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016NGW1

© 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.