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RBC plans buffered bullish enhanced return notes tied to Euro Stoxx 50
By Jennifer Chiou
New York, Aug. 7 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Aug. 23, 2019 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 128% to 138% of the index return.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.
The notes (Cusip: 78010US99) will price on Aug. 20 and settle on Aug. 25.
RBC Capital Markets, LLC is the agent.
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