By Marisa Wong
Madison, Wis., July 28 – Royal Bank of Canada priced $53.88 million of 0% Accelerated Return Notes due Sept. 25, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 13.35%.
Investors will be exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending Sept. 22, 2015.
BofA Merrill Lynch is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $53,879,820
|
| Maturity: | Sept. 25, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 13.35%; full exposure to any losses
|
| Initial level: | 3,220.07
|
| Final level: | Average of closing index levels on five trading days ending Sept. 22, 2015
|
| Pricing date: | July 24
|
| Settlement date: | July 31
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 78011X761
|
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