RBC plans bullish barrier enhanced return notes tied to Euro Stoxx

By Jennifer Chiou

New York, Jan. 15 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Jan. 29, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any index gain, up to a maximum return of 58% to 62%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

The notes (Cusip: 78010UNU7) are expected to price on Jan. 21 and settle on Jan. 24.

RBC Capital Markets, LLC is the agent.

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