| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
RBC reports plans to sell market-linked securities tied to Euro Stoxx
By Devika Patel
Knoxville, Tenn., June 27 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation and contingent downside due July 5, 2022 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 175% to 185% of any index gain, with the exact upside participation to be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline from the initial level if the index falls by more than 30%.
Wells Fargo Securities, LLC is the agent.
The notes (Cusip: 78012KV20) will price June 29 and settle July 5.
© 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.