New Issue: RBC prices $875,000 barrier absolute return notes tied to Euro Stoxx 50

By Tali Rackner

Minneapolis, Oct. 11 – Royal Bank of Canada priced $875,000 of 0% barrier absolute return notes due Oct. 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at 30.25%

If the final index level is less than or equal to the initial index level but is greater than or equal to the barrier level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the barrier level, investors will have one-to-one exposure to the index’s decline from its initial level.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier absolute return notes
Underlying index:	Euro Stoxx 50
Amount:	$875,000
Maturity:	Oct. 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times index return, capped at 30.25%; if index declines by up to 20%, par plus absolute value of index return; if index declines by more than 20%, one-to-one exposure to index’s decline from initial level
Initial index level:	3,563.64
Barrier level:	2,850.91, 80% of initial level
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Underwriter:	RBC Capital Markets LLC
Fees:	0.6%
Cusip:	78012K7K7

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