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RBC to price barrier booster notes linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., June 11 – Royal Bank of Canada plans to price 0% barrier booster notes due June 28, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than the booster percentage, the payout at maturity will be par plus the index return. The booster percentage is expected to be 45% to 55% and will be set at pricing.
If the index return is zero or positive but does not exceed the booster percentage, the payout at maturity will be par plus the booster percentage.
If the index return is negative but greater than or equal to negative 40%, the payout will be par.
If the index return is less than negative 40%, investors will lose 1% for every 1% that the index declines from its initial level.
RBC Capital Markets, LLC is the agent.
The notes will price June 25.
The Cusip number is 78013XTR9.
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