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RBC plans seven-year barrier booster notes linked to S&P 500, Russell
By Susanna Moon
Chicago, Jan. 16 – Royal Bank of Canada plans to price 0% barrier booster notes due Jan. 30, 2025 linked to the lesser performing index of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If either index gains by more than the booster percentage of 65.5% to 72.5%, the payout at maturity will be par plus the return of the worse performing index.
If each index gains by up to the booster percentage, the payout will be par plus the booster coupon of 65.5% to 72.5%.
The exact booster percentage and coupon will be set at pricing.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index.
RBC Capital Markets, LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 78013XDU9.
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