New Issue: RBC sells $354,000 barrier booster notes linked to S&P 500

By Kiku Steinfeld

Chicago, Jan. 12 – Royal Bank of Canada priced $354,000 of 0% barrier booster notes due April 30, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is greater than 47%, the payout at maturity will be par plus the return of the index.

If the index finishes flat or gains up to 47%, the payout will be par plus 47%.

If the index declines by no more than 30%, the payout will be par.

If the index falls by more than 30%, investors will lose 1% for every 1% decline from initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Barrier booster notes
Underlying index:	S&P 500 index
Amount:	$354,000
Maturity:	April 30, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains by more than 47%, par plus the index return; if index finishes flat or gains up to 47%, par plus 47%; if index falls by up to 30%, par; if index falls by more than 30%, full exposure to decline
Initial level:	4,071.63
Barrier level:	2,850.14; 70% of initial level
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016HX96

© 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.