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RBC plans buffered bullish enhanced return notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Jan. 6 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Aug. 2, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any index gain, up to a maximum return of 42% to 50%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
RBC Capital Markets, LLC is the agent.
The notes will price on Jan. 29 and settle on Jan. 31.
The Cusip number is 78010UMU8.
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