New Issue: RBC prices $19.49 million buffered bullish notes linked to S&P 500

By Susanna Moon

Chicago, Nov. 14 - Royal Bank of Canada priced $19.49 million of 0% buffered bullish enhanced return notes due May 15, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 23.43%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500 index
Amount:	$19,488,000
Maturity:	May 15, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 23.43%; par if index fall by up to 10%; 1% loss per 1% drop beyond 10%
Initial level:	1,239.70
Buffer level:	1,115.73, or 90% of initial level
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78008TWX8

© 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.