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RBC plans buffered enhanced return notes due 2023 linked to Russell
By Sarah Lizee
Olympia, Wash., Sept. 23 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due Sept. 28, 2023 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain, capped at par plus 34% to 39%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
RBC Capital Markets, LLC is the underwriter.
The notes will price on Sept. 25.
The Cusip number is 78015KAX2.
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