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RBC plans to price leveraged buffered notes linked to Euro Stoxx 50
By Toni Weeks
San Diego, Nov. 5 - Royal Bank of Canada plans to price 0% leveraged buffered index-linked notes tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 to 27 months after issue.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum payout of $1,210 to $1,240 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the index falls by up to 20% and will share in losses at a rate of 1.25% per 1% drop beyond 20%.
The Cusip number is 78008SPP5.
RBC Capital Markets, LLC will be underwriter.
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