RBC plans buffered market-linked autocallables tied to Euro Stoxx 50

New York, May 3 – Royal Bank of Canada plans to price 0% market linked securities – autocallable with fixed percentage buffered downside due June 7, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annual call premium of 8% to 9% if the index closes at or above its initial price on any annual call date. The exact call premium will be set at pricing.

The payout at maturity will be par unless the index falls by more 10%, in which case investors will lose 1% for each 1% index decline beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on May 31 and settle on June 5.

The Cusip number is 78013XHY7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.