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RBC to price buffered enhanced return notes on S&P 500, Euro Stoxx
By Tali Rackner
Minneapolis, Oct. 26 – Royal Bank of Canada plans to price 0% buffered enhanced return notes due Nov. 1, 2022 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final level of each index is greater than its initial level, the payout at maturity will be par of $1,000 plus 2 times to 2.16 times the return of the lesser-performing index.
If either index declines by up to 20%, the payout will be par.
Otherwise, investors will be exposed to the losses of the lesser-performing index.
RBC Capital Markets, LLC is the agent.
The notes will price on Oct. 27 and settle on Oct. 31.
The Cusip number is 78013GJW6.
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