Published on 11/20/2012 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.83 million buffered bullish enhanced return notes tied to commodity index
By Toni Weeks
San Diego, Nov. 20 - Royal Bank of Canada priced $4.83 million of 0% buffered bullish enhanced return notes due Nov. 21, 2019 linked to the Dow Jones-UBS Commodity Index - Excess Return, 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 150% of the index return, subject to a maximum return of 54%. Investors will receive par if the index declines by 20% or less and will be exposed to any losses beyond the 20% buffer.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered bullish enhanced return notes
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Underlying index: Dow Jones-UBS Commodity Index - Excess Return
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Amount: | $4,834,000
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Maturity: | Nov. 21, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 54%; par if index falls by up to 20%; exposure to losses beyond 20%
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Initial level: | 140.95
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Buffer level: | 112.76, 80% of initial level
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Pricing date: | Nov. 16
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Settlement date: | Nov. 21
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Agent: | RBC Capital Markets, LLC
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Fees: | 3.5%, all for selling concessions
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Cusip: | 78008SRA6
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