RBC plans two-year capped leveraged buffer notes tied to Russell 2000

By Susanna Moon

Chicago, May 31 – Royal Bank of Canada plans to price 0% Leveraged Index Return Notes due June 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain up to a maximum return of 14% to 18%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

BofA Merrill Lynch is the agent.

The notes will price in June and settle in July.

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