RBC plans leveraged notes due 2015 with no cap linked to Euro Stoxx 50

By Susanna Moon

Chicago, May 8 - Royal Bank of Canada plans to price 0% leveraged index-linked notes tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature 24 to 27 months after issue.

The payout at maturity will be par plus 150% to 165% times any gain in the index.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the underwriter.

The Cusip number is 78008SU95.

© 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.