| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
RBC plans six-year barrier booster notes with no cap tied to S&P 500
By Susanna Moon
Chicago, Nov. 11 – Royal Bank of Canada plans to price 0% barrier booster notes due Dec. 1, 2022 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index gains by more than 45% to 50%, the payout at maturity will be par plus the return. The exact booster percentage will be set at pricing.
If the index gains by up to the booster percentage, the payout will be par plus the booster coupon of 45% to 50%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.
RBC Capital Markets, LLC is the underwriter.
The notes will price on Nov. 28 and settle on Nov. 30.
The Cusip number is 78012KVG9.
© 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.