| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
RBC to price return enhanced notes linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., Aug. 5 – Royal Bank of Canada plans to price 0% return enhanced notes due Aug. 26, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return of 22.3%. If the index return is negative, investors will have one-to-one exposure to the decline.
The final index level will be the average of the index’s closing levels on the five trading days ending Aug. 21, 2015.
RBC Capital Markets LLC is the underwriter with J.P. Morgan Securities LLC as agent.
The notes are expected to price Aug. 8 and settle Aug. 13.
The Cusip number is 78010UR90.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.