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RBC plans to price buffered notes linked to Russell 2000 index
By Toni Weeks
San Luis Obispo, Calif., Oct. 31 - Royal Bank of Canada plans to price 0% buffered Russell 2000 index-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 22 to 25 months after pricing.
If the index return is at least 85% of the initial level, the payout at maturity will be the digital payment of $1,080 to $1,100 per $1,000 principal amount. The exact digital payment will be set at pricing.
If the index falls by more than 15%, investors will lose 1.1765% for every 1% index decline beyond the 15% buffer.
RBC Capital Markets, LLC is the underwriter.
The Cusip number is 78010UHF7.
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