RBC plans 2.5-year buffered enhanced notes with no cap on Stoxx 50

By Susanna Moon

Chicago, March 22 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due Oct. 1, 2020 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 160% to 170% of any gain in the index, with the exact leverage factor 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 20%.

RBC Capital Markets, LLC is the agent.

The notes will price on March 28.

The Cusip number is 78013XPH6.

© 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.