RBC plans capped buffered return enhanced notes linked to DocuSign

By Angela McDaniels

Tacoma, Wash., June 20 – Royal Bank of Canada plans to price 0% capped buffered return enhanced notes due July 9, 2020 linked to the common stock of DocuSign, Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus two times the stock return, subject to a maximum return of 22.1%.

If the final share price is equal to or less than the initial share price but greater than or equal to the buffer level, 75% of the initial share price, the payout will be par.

If the final share price is less than the buffer level, investors will lose 1.3333% for every 1% that the stock declines beyond 25%.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes will price June 21.

The Cusip number is 78013XUF3.

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