RBC to price trigger PLUS due 2017 linked to S&P 500 index

By Jennifer Chiou

New York, July 2 – Royal Bank of Canada plans to price 0% trigger Performance Leveraged Upside Securities due February 2017 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any index gain, subject to a maximum payment of $12.435 per note.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below the 90% trigger level.

The notes (Cusip: 78011Q766) are expected to price on July 31.

RBC Capital Markets, LLC is the agent.

© 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.