By Susanna Moon
Chicago, April 10 – Royal Bank of Canada priced $1.5 million of 0% buffered bullish enhanced return notes due April 14, 2020 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 75% weight and the Euro Stoxx 50 index with a 25% weight.
The payout at maturity will be par plus 1.2 times any basket gain, up to a maximum return of 60%.
Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Buffered bullish enhanced return notes
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| Underlying basket: | S&P 500 index (75% weight) and Euro Stoxx 50 index (25% weight)
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| Amount: | $1.5 million
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| Maturity: | April 14, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.2 times any basket gain, capped at 60%; par if basket falls by up to 20%; 1% loss for each 1% decline beyond 20%
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| Initial index level: | 2,081.90 for S&P and 3,742.63 for Euro Stoxx
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 3.25%
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| Cusip: | 78012KDR5
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