RBC to price notes due 2021 linked to basket of Nikkei, S&P, Stoxx

By Sarah Lizee

Olympia, Wash., Nov. 16 – Royal Bank of Canada plans to price 0% notes due Dec. 2, 2021 linked to a basket of equally-weighted indexes including the Nikkei 225 index, the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the basket return, capped at par plus 26% to 30%. If the basket finishes flat or declines, the payout will be par.

RBC Capital Markets, LLC is the agent.

The notes will price on Nov. 28 and settle on Dec. 3.

The Cusip number is 78013XSK5.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.