RBC plans market-linked notes with leveraged upside on MSCI EAFE ETF

By Wendy Van Sickle

Columbus, Ohio, April 7 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 4, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $1,000 plus 175% of any fund gain, up to a maximum return of 35% to 40%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 15% and will be exposed to losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

The notes will price on April 29 and settle on May 4.

The Cusip number is 78012KMN4.

© 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.