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

By Toni Weeks

San Luis Obispo, Calif., Dec. 5 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due June 29, 2017 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 130% of the index return, subject to a maximum return of 142% to 150% that will be set at pricing.

Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% decline in the index beyond the 15% buffer.

The notes (Cusip: 78010UKK2) will price Dec. 27 and settle Dec. 31.

RBC Capital Markets, LLC is the agent.

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