RBC plans autocallable barrier notes tied to Russell 2000, Euro Stoxx

By Tali Rackner

Minneapolis, July 24 – Royal Bank of Canada plans to price 0% autocallable barrier notes due July 28, 2022 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on any observation date beginning Jan. 18, 2018, the notes will be automatically called at par plus a call level if 8.64% per annum.

If the notes are not called, the payout at maturity will be par unless either index closes below its 70% barrier level, in which investors will be fully exposed to the losses of the lesser-performing index.

RBC Capital Markets, LLC is the agent.

The notes will price on July 25 and settle on July 28.

The Cusip number is 78012K3H8.

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