New Issue: RBC prices $1.3 million buffered bullish return notes on Euro Stoxx 50

By Susanna Moon

Chicago, June 24 – Royal Bank of Canada priced $1.3 million of 0% buffered bullish return notes due June 24, 2020 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 any index gain, up to a maximum return of 61%.

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.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish return notes
Underlying index:	Euro Stoxx 50
Amount:	$1.3 million
Maturity:	June 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 61%; par if index falls by up to 30%; 1% loss for each 1% decline beyond 30%
Initial index level:	3,455.80
Buffer level:	2,419.06, 70% of initial level
Pricing date:	June 19
Settlement date:	June 24
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KER4

© 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.