Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Facebook, Inc. > News item |
RBC to price Accelerated Return Notes tied to four technology stocks
By Devika Patel
Knoxville, Tenn., Aug. 24 – Royal Bank of Canada plans to price 0% Accelerated Return Notes due October 2019 linked to a basket of four equally weighted stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying companies are Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of 15% to 19%. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
The notes will price in August and settle in September.
© 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.