RBC to price trigger callable contingent yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, March 23 – Royal Bank of Canada plans to price trigger callable contingent yield notes due April 4, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% to 12% if each index closes at or above its barrier level, 75% of its initial level, on each day during the quarterly observation period. The exact coupon rate will be set at pricing.

The notes will be callable at par on any coupon payment date.

The payout at maturity will be par unless any index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

The notes will price on March 29 and settle on March 31.

The Cusip number is 78013C872.

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