By Marisa Wong
Morgantown, W.Va., June 12 – Royal Bank of Canada priced $1.08 million of 0% barrier enhanced return notes due June 1, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% of any fund gain.
Investors will receive par if the fund falls by up to 30% and will lose 1% for each 1% decline from the initial level if the fund falls by more than 30%.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Barrier enhanced return notes
|
| Underlying ETF: | Energy Select Sector SPDR fund
|
| Amount: | $1,075,000
|
| Maturity: | June 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any fund gain; par if the fund falls by up to 30%; 1% loss for each 1% decline from the initial level if the fund falls by more than 30%
|
| Initial price: | $66.61
|
| Pricing date: | May 26
|
| Settlement date: | May 31
|
| Agents: | RBC Capital Markets, LLC
|
| Fees: | 2.75%
|
| Cusip: | 78012KS32
|
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