RBC plans 4.5%-5% yield trigger callable notes tied to three indexes

By Susanna Moon

Chicago, Oct. 26 – Royal Bank of Canada plans to price 4.5% to 5% trigger callable yield notes due Oct. 30, 2020 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.

Interest is payable quarterly.

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

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 60% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

RBC Capital Markets, LLC and UBS Financial Services Inc. are the underwriters.

The notes will price on Oct. 27 and settle on Oct. 31.

The Cusip number is 78013F545.

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