RBC to price capped Leveraged Index Return Notes tied to Russell 2000

By Devika Patel

Knoxville, Tenn., July 6 – Royal Bank of Canada plans to price 0% capped Leveraged Index Return Notes due July 2019 tied to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum payout of 14% to 18%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

The notes will price in July and settle in August.

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