RBC plans to price Accelerated Return Notes linked to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Sept. 8 – Royal Bank of Canada plans to price 0% Accelerated Return Notes due November 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 12% to 16% that will be set at pricing.

Investors will be exposed to any losses.

The final index level will be the average of the closing index levels on five scheduled calculation days shortly prior to maturity.

The notes are expected to price in September and settle in October.

BofA Merrill Lynch is the underwriter.

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