By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – Royal Bank of Canada priced $1.17 million of 0% barrier booster notes due Aug. 16, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than the 30% booster, the payout at maturity will be par plus the index return.
If the index return is positive but does not exceed the booster, the payout will be par plus the booster.
If the index return is zero to negative 25%, the payout will be par.
If the index return is less than negative 25%, investors will lose 1% for every 1% that the final level is less than the initial level.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Barrier booster notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.17 million
|
| Maturity: | Aug. 16, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains by more than 30%, par plus index return; if index gains by up to 30%, par plus 30%; if index falls by up to 25%, par; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 3,572.66
|
| Barrier level: | 2,679.5, 75% of initial level
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 16
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | 2.25%
|
| Cusip: | 78016ENF0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
