By Jennifer Chiou
New York, March 3 - Royal Bank of Canada priced $2 million of 0% buffered bullish enhanced return notes due Feb. 28, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 30% weight, the Russell 2000 index with a 20% weight, the MSCI EAFE index with a 20% weight and the Euro Stoxx 50 index with a 30% weight.
The payout at maturity will be par plus 130% of any basket gain, up to a maximum return of 42.25%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Buffered bullish enhanced return notes
|
| Underlying indexes: | S&P 500 (30% weight), Russell 2000 (20% weight), MSCI EAFE (20% weight) and Euro Stoxx 50 (30% weight)
|
| Amount: | $2 million
|
| Maturity: | Feb. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 130% of any basket gain, capped at 42.25%; par if index falls by up to 15%; 1% loss per 1% drop beyond 15%
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 28
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 2.75%
|
| Cusip: | 78010USE8
|
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