Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: RBC prices $2.45 million barrier enhanced return notes linked to S&P 500
Chicago, Dec. 4 – Royal Bank of Canada priced $2.45 million of 0% barrier enhanced return notes due April 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 106% of the return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines from initial level.
RBC Capital Markets, Inc. is the selling agent.
Issuer: | Royal Bank of Canada
|
Issue: | Barrier enhanced return notes
|
Underlying index: | S&P 500 index
|
Amount: | $2,453,000
|
Maturity: | April 1, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 106% of the index return; par if index declines by 25% or less; otherwise, 1% loss for every 1% that the index declines from initial level
|
Initial levels: | 3,974.54
|
Barrier levels: | 2,980.91; 75% of initial levels
|
Pricing date: | March 26
|
Settlement date: | March 31
|
Selling agent: | RBC Capital Markets, Inc.
|
Fees: | 3.25%
|
Cusip: | 78016EKU0
|
© 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.