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RBC plans leveraged buffered notes linked to basket of five indexes
By Wendy Van Sickle
Columbus, Ohio, Oct. 13 – Royal Bank of Canada plans to price 0% leveraged buffered notes linked to a basket of five indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will mature between 25 and 28 months after pricing.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to maximum settlement amount of $1,240 to $1,282 for each $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78012KHS9.
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