| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
RBC to price Accelerated Return Notes linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., April 1 - Royal Bank of Canada plans to price 0% Accelerated Return Notes due June 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum return of 18% to 22% that will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the agent.
The notes are expected to price in April and settle in May.
© 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.