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RBC plans five-year buffered bullish return notes linked to Euro Stoxx
By Susanna Moon
Chicago, June 4 – Royal Bank of Canada plans to price 0% buffered bullish return notes due June 24, 2020 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 any index gain, up to a maximum return of 57% to 63%.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond 30%.
RBC Capital Markets, LLC is the agent.
The notes will price on June 19 and settle on June 24.
The Cusip number is 78012KER4.
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