RBC plans bullish barrier enhanced return notes tied to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Jan. 29 – Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Aug. 31, 2018 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, subject to a maximum redemption amount of 129.25% to 139.25%, which will be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to the index’s decline from its initial level if it falls beyond 30%.

RBC Capital Markets, LLC is the agent.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 78012KKZ9.

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