Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: RBC sells $947,000 barrier income notes on S&P, Russell, Nasdaq
Chicago, April 19 – Royal Bank of Canada priced $947,000 of 8.25% barrier income notes due Jan. 24, 2025 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If each underlying index finishes at or above its 70% barrier level, the payout at maturity will be par plus the final interest payment.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Barrier income notes
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $947,000
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Maturity: | Jan. 24, 2025
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Coupon: | 8.25% per year, payable quarterly
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Price: | Par
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Payout at maturity: | If each underlying index finishes at or above its barrier level, par plus interest; otherwise, full exposure to losses of worst performing index
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Initial levels: | 4,780.94 for S&P, 1,923.653 for Russell, 16,982.29 for Nasdaq
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Barrier levels: | 3,346.66 for S&P, 1,346.557 for Russell, 11,887.60 for Nasdaq, 70% of initial levels
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.2%
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Cusip: | 78017FD34
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