New Issue: RBC prices $7.88 million leveraged return notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Dec. 23 – Royal Bank of Canada priced $7.88 million of Leveraged Index Return Notes due Dec. 18, 2019 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 of $10 plus 126% of any index gain.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$7,878,250
Maturity:	Dec. 18, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 126% of any index gain; par if index falls by up to 20% and exposure to any losses beyond 20%
Initial level:	3,141.28
Threshold level:	2,513.02, 80% of initial level
Pricing date:	Dec. 19
Settlement date:	Jan. 2
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	78011D294

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