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RBC plans market-linked securities due 2022 on Euro Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Oct. 8 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation and fixed percentage buffered downside due Nov. 7, 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 150% to 160% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Oct. 31.
The Cusip number is 78013XJ82.
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