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RBC to price barrier enhanced return notes on iShares EM, Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Jan. 26 – Royal Bank of Canada plans to price 0% barrier enhanced return notes due Feb. 3, 2021 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 205% to 215% of the gain in the lesser performing asset.
If either asset falls but neither falls by more than 40%, the payout will be par.
If the lesser performing asset finishes below its 60% barrier level, investors will be fully exposed to the decline of that asset.
RBC Capital Markets, LLC is the underwriter.
The notes will price Jan. 29.
The Cusip number is 78013XES3.
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