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RBC aims to price barrier enhanced return notes tied to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Dec. 23 – Royal Bank of Canada plans to price 0% barrier enhanced return notes due Jan. 2, 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 126% to 130% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond the 70% barrier level.
RBC Capital Markets, LLC is the underwriter.
The notes (Cusip: 78012KXW2) will price on Dec. 27 and settle on Dec. 30.
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