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 plans bullish barrier enhanced return notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Jan. 4 – Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Jan. 31, 2019 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 150% of the index return, subject to a maximum return that is expected to be 43% to 48% and will be set at pricing. If the index return is between zero and negative 30%, the payout will be par. If the index return is less than negative 30%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
RBC Capital Markets, LLC is the underwriter.
The notes will price Jan. 26.
The Cusip number is 78012KKN6.
© 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.