RBC to price leveraged market-linked notes on Energy Select Sector

By Sarah Lizee

Olympia, Wash., Jan. 8 – Royal Bank of Canada plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 5, 2022 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes at or above its initial level, the payout at maturity will be par plus 150% of the gain, capped at par plus 45% to 50%.

If the fund falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 78013XVA3.

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