By Susanna Moon
Chicago, Oct. 23 – Royal Bank of Canada priced $3.05 million of 0% buffered enhanced return notes due Nov. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial value, the payout at maturity will be par plus 200% of the gain, up to a maximum redemption amount of 120.7% of par.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Buffered enhanced return notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $3.05 million
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| Maturity: | Nov. 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 20.7%; par if index declines by up to 10%; 1% loss per 1% drop beyond 10%
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| Initial value: | 3,399.20
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| Pricing date: | Oct. 1
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| Settlement date: | Oct. 9
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 0.1%
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| Cusip: | 78013XK56
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