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RBC plans capped Leveraged Index Return Notes tied to Euro Stoxx 50
New York, April 6 – Royal Bank of Canada plans to price 0% capped Leveraged Index Return Notes due April 2021 tied to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 123% to 143% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
BofA Merrill Lynch is the agent.
The notes will price in April and settle in May.
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