RBC plans Leveraged Index Return Notes linked to Euro Stoxx 50 index

By Devika Patel

Knoxville, Tenn., April 9 – Royal Bank of Canada plans to price 0% Leveraged Index Return Notes due April 2020 tied to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 140% to 160% of any index gain. The exact participation rate will be set at pricing.

Investors will receive par if the index remains flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

The notes will price in April and settle in May.

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