Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC plans five-year Leveraged Index Return Notes tied to Euro Stoxx
By Jennifer Chiou
New York, May 30 - Royal Bank of Canada plans to price Leveraged Index Return Notes due May 2019 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 of $10 plus 170% to 190% 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 10% and will be exposed to any losses beyond 10%.
The notes will price and settle in June.
BofA Merrill Lynch is the agent.
© 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.