RBC plans contingent coupon callable yield notes tied to three indexes

By Susanna Moon

Chicago, Feb. 6 – Royal Bank of Canada plans to price contingent coupon callable yield notes due March 1, 2017 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each component closes at or above the 70% barrier level on the determination date for that quarter.

The payout at maturity will be par plus the contingent coupon if each component finishes at or above the 70% barrier level.

If any component falls by more than 30%, investors will be fully exposed to any losses of the worse performing component.

The notes are callable at par on any coupon payment date.

RBC Capital Markets, LLC and Barclays are the underwriters.

The notes will price on Feb. 24 and settle on Feb. 27.

The Cusip number is 78012KBD8.

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