RBC plans five-year leveraged buffered market-linked notes on Stoxx

By Susanna Moon

Chicago, June 27 – Royal Bank of Canada plans to price 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Aug. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 160% to 170% of any index gain.

Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline beyond 40%.

Wells Fargo Securities, LLC is the agent.

The notes will price on July 31.

The Cusip number is 78013XNL8.

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