RBC to price market-linked notes with leveraged upside tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 6 – Royal Bank of Canada plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 5, 2021 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payment of $1,500 to $1,550 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Sept. 30 and settle on Oct. 5.

The Cusip number is 78012KTG2.

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