RBC plans contingent income callable notes on Russell 2000, Euro Stoxx

By Marisa Wong

Madison, Wis., June 3 – Royal Bank of Canada plans to price contingent income callable notes due June 28, 2019 linked to the worst performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.1% if each index closes at or above its coupon barrier, 60% of its initial level, on a quarterly observation date.

The notes are callable at par plus accrued interest on any quarterly observation date.

The payout at maturity is par unless either index closes below its 60% trigger level, in which case the payout will be par plus the return of the worst performing index, with full exposure to any losses.

RBC Capital Markets, LLC is the agent.

The notes will price June 26 and settle June 30.

The Cusip number is 78012KEP8.

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