RBC plans market-linked buffered autocallables tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., March 10 – Royal Bank of Canada plans to price 0% market linked securities – autocallable with fixed percentage buffered downside due April 5, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 8% to 10% per year if the index closes at or above its initial level on any of three semiannual call dates beginning in April 2017.

If the notes are not called, the payout at maturity will be par unless the index falls by more than 10%, in which case investors will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will price on March 31.

The Cusip number is 78012KMA2.

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