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RBC plans to price buffered PLUS due 2021 linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., June 13 – Royal Bank of Canada plans to price 0% buffered Performance Leveraged Upside Securities due July 6, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, capped at par plus 24.55%.
If the final index level is less than or equal to the initial index level but has decreased from the initial index level by no more than 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management is a dealer.
The notes will price June 28.
The Cusip number is 78014J124.
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