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RBC plans bullish barrier enhanced return notes linked to S&P/TSX 60
By Susanna Moon
Chicago, July 18 – Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due July 25, 2019 linked to the S&P/TSX 60 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 106% to 110% of any index gain, with the exact leverage to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
RBC Capital Markets, LLC is the agent.
The notes will price on July 22 and settle on July 27.
The Cusip number is 78012KRC3.
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