New Issue: RBC prices $5 million buffered bullish enhanced return notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., April 9 – Royal Bank of Canada priced $5 million of 0% buffered bullish enhanced return notes due April 12, 2017 linked 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 2 times any index gain, subject to a maximum return of 21%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	Euro Stoxx 50
Amount:	$5 million
Maturity:	April 12, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, with return capped at 21%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial index level:	3,768.72
Buffer level:	3,391.85, 90% of initial level
Pricing date:	April 7
Settlement date:	April 10
Agent:	RBC Capital Markets, LLC
Fees:	1.5%
Cusip:	78012KDK0

© 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.