RBC plans bullish barrier enhanced return notes tied to Euro Stoxx

By Marisa Wong

Madison, Wis., May 5 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Nov. 30, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 155% of any index gain, up to a maximum return of 50% to 60%. 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.

RBC Capital Markets, LLC is the agent.

The notes will price on May 28 and settle on May 30.

The Cusip number is 78010UXX0.

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