RBC to price 4% fixed-coupon notes with barrier on S&P, Russell

By Sarah Lizee

Olympia, Wash., Feb. 7 – Royal Bank of Canada plans to price 4% fixed-coupon notes with barrier due Feb. 20, 2025 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either index finishes below its 65% barrier level, in which case investors will lose 1% for every 1% decline of the lesser performing index.

RBC Capital Markets, LLC is the agent.

The notes will price on Feb. 14.

The Cusip number is 78015KMT8.

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