RBC plans five-year buffered bullish enhanced notes on Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., March 5 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due March 31, 2020 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 105% to 115% of any index gain, with the exact leverage factor to be determined at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

RBC Capital Markets, LLC is the agent.

The notes will price on March 27 and settle on March 31.

The Cusip number is 78012KCF2.

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