Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC to price Accelerated Return Notes linked to MSCI EAFE index
By Marisa Wong
Madison, Wis., July 1 - Royal Bank of Canada plans to price 0% Accelerated Return Notes due September 2014 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum return of 12% to 16% that will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the agent.
The notes are expected to price in July and settle in August,
© 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.