| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx Banks index > News item |
RBC to price leveraged market plus notes linked to Euro Stoxx Banks
By Marisa Wong
Morgantown, W.Va., June 7 – Royal Bank of Canada plans to price 0% leveraged market plus notes due Dec. 11, 2019 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index gain.
If the index return is zero or negative but greater than or equal to negative 25%, the payout will be par.
If the index falls by more than 25%, investors will lose 1% for each 1% index decline.
RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.
The notes are expected to price on June 8.
The Cusip number is 78013XMK1.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.