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RBC to price buffered bullish enhanced return notes linked to Dow
By Angela McDaniels
Tacoma, Wash., Aug. 7 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Aug. 29, 2019 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 115% of the index return, subject to a maximum return that is expected to be 62% to 68% and will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.
RBC Capital Markets, LLC is the agent.
The notes are expected to price Aug. 27 and settle Aug. 29.
The Cusip number is 78010US73.
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