RBC plans buffered return optimization notes linked to European stocks

By Susanna Moon

Chicago, Feb. 10 – Royal Bank of Canada plans to price 0% buffered return optimization securities due June 30, 2017 linked to a basket of 10 equally weighted common stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are Anheuser-Busch InBev SA/NV, Allianz SE, Bayer AG, AXA, SA, Total SA, Sanofi, SAP European Co., Siemens AG, Unilever NV and Vivendi SA.

The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum gain of 20% to 24%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 78013C568.

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