By Angela McDaniels
Tacoma, Wash., March 16 - Royal Bank of Canada priced an additional $478,000 principal amount of 0% index-linked notes due Dec. 31, 2012 linked to the FTSE 100 Dividend Index - RDSA Withholding via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The add-on priced at 101.6. The original $3.67 million issue priced at 100.8. The total principal amount of notes priced is now $4.15 million.
The payout at maturity will be par plus the index return, which could be positive or negative.
The initial index level set for the notes, 214.5, is substantially higher than the actual closing level of the index on the pricing date, 38.42. The final level will be the index's closing level on Dec. 21, 2012.
The index is not an equity index. It represents solely the cumulative ordinary dividends paid on the 100 stocks that comprise the FTSE 100 index. No withholding tax adjustments are made to the amount of declared dividends, with the exception of dividends paid by the index stock issuer on Royal Dutch Shell A shares, from which a 15% withholding tax is deducted in accordance with the Luxembourg Treaty Rate.
| Issuer: | Royal Bank of Canada
|
| Issue: | Index-linked notes
|
| Underlying index: | FTSE 100 Dividend Index - RDSA Withholding
|
| Amount: | $4,146,000, increased from $3,668,000
|
| Maturity: | Dec. 31, 2012
|
| Coupon: | 0%
|
| Price: | 100.8 for $3,668,000; 101.6 for $478,000
|
| Payout at maturity: | Par plus index return, which could be positive or negative
|
| Initial index level: | 214.5
|
| Pricing dates: | March 2 for original issue; March 14 for add-on
|
| Settlement dates: | March 9 for original issue; March 21 for add-on
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 78008C796
|
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