| 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 four-year buffered enhanced return notes linked to Stoxx 50
By Susanna Moon
Chicago, May 22 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due June 1, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 124% to 132% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.
RBC Capital Markets, LLC is the underwriter.
The notes will price on May 26.
The notes will price on 78012KT56.
© 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.