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RBC plans autocallable barrier notes tied to S&P 500, Euro Stoxx 50
By Marisa Wong
Madison, Wis., April 4 - Royal Bank of Canada plans to price 0% autocallable barrier notes due April 28, 2017 linked to the worst 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 each index closes at or above its initial level on any observation date, the notes will be automatically called. The call amount will be $1,092.50 to $1,100 if the notes are called on April 27, 2015, $1,185 to $1,200 if called on April 25, 2016 and $1,277.50 to $1,300 if called on April 25, 2017.
The payout at maturity will be par unless the worst performing index falls by more than 30%, in which case investors will be fully exposed to the decline of the worst performing index.
RBC Capital Markets, LLC is the underwriter.
The notes will price on April 25 and settle on April 30.
The Cusip number is 78010UVG9.
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