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RBC plans buffered bullish enhanced return notes on Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 2 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 2, 2018 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 127% to 137% of any index gain, with the exact leverage factor to be set at pricing. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that it declines beyond 15%.
RBC Capital Markets, LLC is the agent.
The notes will price April 28 and settle April 30.
The Cusip number is 78010UUL9.
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