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RBC to price market-linked notes with leveraged upside tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 27 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and contingent downside due Oct. 5, 2021 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum payment of $1,900 to $2,000 per $1,000 principal amount.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls by more than 30%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 78012KTH0.
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