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RBC plans 24- to 27-month digital notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 27 – Royal Bank of Canada plans to price 0% digital notes due in 24 to 27 months linked to Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,135.60 to $1,159.50 per $1,000 principal amount. The exact digital percentage will be set at pricing.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78013XH92.
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