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 to price buffered bullish notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., Sept. 14 - Royal Bank of Canada plans to price 0% buffered bullish notes due Sept. 30, 2015 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket includes the Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.
The payout at maturity will be par plus any basket gain, subject to a maximum return of 56% to 60% that will be set at pricing. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes (Cusip: 78008KKZ5) will price Sept. 28 and settle Sept. 30.
RBC Capital Markets Corp. is the underwriter.
© 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.