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RBC plans two-year autocallable barrier notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., June 5 – Royal Bank of Canada plans to price 0% autocallable barrier notes due June 28, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on any of four semiannual observation dates, the notes will be automatically called at par plus a call premium of 7.5% to 8% per year that will be set at pricing.
If the notes are not called, the payout at maturity will be par unless the index falls by more than 20%, in which case investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the agent.
The notes will price June 26 and settle June 30.
The Cusip number is 78012KET0.
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