RBC plans three-year barrier enhanced notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Sept. 6 – Royal Bank of Canada plans to price 0% barrier enhanced participation notes due Oct. 2, 2019 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 1.5 times any index gain, up to a maximum of at least 46.75% to 56.75%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.

RBC Capital Markets, LLC is the agent.

The notes will price on Sept. 27 and settle on Sept. 27.

The Cusip number is 78012KTK3.

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