RBC plans bullish barrier enhanced return notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, March 7 – Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Sept. 28, 2018 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum redemption amount of 130% to 135% of par, which will be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.

RBC Capital Markets, LLC is the agent.

The notes will price on March 24 and settle on March 31.

The Cusip number is 78012KLT2.

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