INVESTMENT DESCRIPTION
A 6 year 2 week Deposit Plan linked to the performance of the S&P 500 Index.
The Deposit Plan is constructed to offer a potential return of 10.00% p.a. If on any annual observation date (including the Final Observation date), the Underlying index is between the upper and lower barrier levels income will be paid. For clarity, if on any annual observation date, the index is outside the range, no income will be received, and the plan continues until the next observation date.
Your Initial Capital will be returned in full at maturity regardless of the performance of the Index, subject to Deposit Taker risk.
CURRENCY GBP
STRIKE DATE 03/11/2023
ISIN SPX-CRA-03NOV29
COUNTERPARTY Royal Bank of Canada
TYPE Deposit
RETURN & BARRIERS
Issuer: Royal Bank of Canada
Investment Term: 6 years 2 weeks
Payment Rate: 10.00% per annum
Upper Barrier: 123.50% of the Initial Strike Level
Lower Barrier: 75% of the Initial Strike Level
Capital Protection: Your Initial Capital will be returned in full at maturity regardless of the performance of the Indices, subject to Deposit Taker risk.
MATURITY DATE
03/11/2025
FINAL MATURITY DATE
05/11/2029