RBC plans leveraged market-linked notes with buffer tied to Stoxx 50

By Susanna Moon

Chicago, Aug. 25 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed buffered downside due Sept. 6, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum payment of $1,800 to $1,900 for each $1,000 principal amount.

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

Wells Fargo Securities, LLC is the agent.

The notes will price on Aug. 31 and settle on Sept. 6.

The Cusip number is 78012K4G9.

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