RBC plans barrier digital enhanced return notes tied to gold miners ETF

By Angela McDaniels

Tacoma, Wash., Aug. 5 – Royal Bank of Canada plans to price 0% barrier digital enhanced return notes due Aug. 16, 2018 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is greater than or equal to negative 30%, the payout at maturity will be par plus the greater of the ETF return and 20%, subject to a maximum return that is expected to be 41% to 46% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

RBC Capital Markets, LLC is the underwriter.

The notes will price Aug. 12.

The Cusip number is 78012KRQ2.

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