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RBC plans to price leveraged buffered notes linked to index basket
By Toni Weeks
San Luis Obispo, Calif., Jan. 26 – Royal Bank of Canada plans to price 25- to 28-month 0% leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 140% of the basket return, subject to a maximum settlement amount of $1,235.20 to $1,275.80 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% basket decline beyond 15%.
The exact terms will be set at pricing.
RBC Capital Markets, LLC is the underwriter.
The Cusip number is 78012KAU1.
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