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RBC plans 24- to 27-month digital notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Jan. 20 – Royal Bank of Canada plans to price 0% 24- to 27-month digital notes linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be the threshold settlement amount $1,121.90 to $1,143.40 for each $1,000 principal amount.
If the index return is less than negative 15%, investors will lose 1.1765% for each 1% decline beyond 15%.
RBC Capital Markets, LLC is the underwriter.
The Cusip number is 78012KYV3.
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