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RBC to price buffered booster absolute return notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Aug. 28 – Royal Bank of Canada plans to price 0% buffered booster absolute return notes due Sept. 1, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than the 39% to 47% booster, the payout at maturity will be par plus the return. If the index gains by up to the booster, the payout will be par plus booster. The exact booster percentage will be set at pricing.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be exposed to any losses beyond 20%.
RBC Capital Markets LLC is the underwriter.
The notes will price on Aug. 29.
The Cusip number is 78012K4A2.
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