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RBC plans to price barrier booster notes linked to S&P 500, Stoxx
By Emma Trincal
New York, Nov. 18 – Royal Bank of Canada plans to price 0% barrier booster notes due Nov. 29, 2027 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the return of the lesser performing index is flat or positive, the payout at maturity will par plus the greater of the return of the lesser performing index and the booster coupon. The exact value of the 50% to 60% booster coupon will be set at pricing.
If the lesser performing index finishes flat or falls by up to 40%, the payout will be par.
If the lesser performing index falls by more than 40%, investors will lose 1% for every 1% decline of the lesser performing index below its the initial level.
RBC Capital Markets, LLC is the agent.
The notes will price on Nov. 23 and settle on Nov. 29.
The Cusip number is 78016F5Q3.
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