RBC to price autocallable market-linked notes tied to Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, Oct. 11 – Royal Bank of Canada plans to price 0% market-linked securities – autocallable with fixed percentage buffered downside due Nov. 5, 2021 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 7.25% to 8.25% per year if the index closes at or above its initial level on any annual observation date.

If the final index falls by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Oct. 31 and settle on Nov. 3.

The Cusip number is 78012KTZ0.

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