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RBC plans bullish barrier enhanced return notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, May 11 – Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due May 31, 2019 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 115% to 125% of any index gain, up to a maximum return of 35% to 43%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls below the 70% barrier level.
RBC Capital Markets, LLC is the underwriter.
The notes will price on May 26 and settle on May 29.
The Cusip number is 78012KEF0.
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