RBC to price levered market plus notes due 2020 linked to Stoxx 50

By Sarah Lizee

Olympia, Wash., Aug. 29 – Royal Bank of Canada plans to price 0% levered market plus notes due March 4, 2020 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 1.22 times any index gain.

If the index finishes flat or falls by up to 30%, the payout will be par.

If the index falls by more than 30%, investors will lose 1% for each 1% index decline below the initial level.

RBC Capital Markets, LLC is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

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

The Cusip number is 78013XD54.

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