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RBC plans enhanced barrier digital plus notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 6 – Royal Bank of Canada plans to price 0% enhanced barrier digital plus securities due February 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the threshold level, 116% of the initial level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the threshold level and greater than or equal to the trigger level, 75% of the initial level, the payout will be par plus an upside payment of 16%.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from its initial level.
RBC Capital Markets, LLC is the agent.
The notes are expected to price Feb. 9.
The Cusip number is 78012KBJ5.
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