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RBC plans bullish barrier enhanced return notes tied to Euro Stoxx
By Jennifer Chiou
New York, Nov. 7 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Nov. 30, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 43% to 53%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if the index declines by more than 25%.
The notes (Cusip: 78010UJD0) are expected to price on Nov. 26 and settle on Nov. 29.
RBC Capital Markets, LLC is the agent.
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