RBC to price capped leveraged buffered market-linked notes on Stoxx 50

By Marisa Wong

Morgantown, W.Va., Feb. 27 – Royal Bank of Canada plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $2,450 to $2,550 per $1,000 of notes.

Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline beyond 40%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Feb. 28.

The Cusip number is 78013XEY0.

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