By Susanna Moon
Chicago, July 27 – Royal Bank of Canada priced $3.71 million of 0% barrier booster notes due July 29, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than 49.15%, the payout at maturity will be par plus the return.
If the index gains by up to 49.15%, the payout will be par plus the booster coupon of 49.15%.
If the index falls by up to 30%, the payout will be par.
If the index finishes below the 70% barrier level, investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
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| Issue: | Barrier booster notes
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| Underlying index: | S&P 500
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| Amount: | $3.71 million
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| Maturity: | July 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains by more than 49.15%, par plus the return; if index gains by up to 49.15%, par plus 49.15%; if the index falls by up to 30%, par; otherwise, full exposure to any losses
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| Initial level: | 2,169.18
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| Barrier level: | 1,518.43, 70% of initial level
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Underwriter: | RBC Capital Markets, LLC
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| Fees: | 3.25%
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| Cusip: | 78012KPQ4
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