By Susanna Moon
Chicago, June 3 - Royal Bank of Canada priced $5.3 million of 0% Leveraged Index Return Notes due May 31, 2019 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 185.2% of any index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5.3 million
|
| Maturity: | May 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 185.2% of any index gain; par if index falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial index level: | 3,244.6
|
| Pricing date: | May 30
|
| Settlement date: | June 6
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2.5%
|
| Cusip: | 78011X860
|
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