Published on 12/5/2014 in the Prospect News Structured Products Daily.
New Issue: RBC prices $10.09 million return enhanced notes tied to Halliburton
By Marisa Wong
Madison, Wis., Dec. 5 – Royal Bank of Canada priced $10.09 million of 0% return enhanced notes due Dec. 16, 2015 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in Halliburton shares, up to a maximum return of 28.2%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with J.P. Morgan Securities LLC as placement agent.
Issuer: | Royal Bank of Canada
|
Issue: | Return enhanced notes
|
Underlying stock: | Halliburton Co. (Symbol: HAL)
|
Amount: | $10,085,000
|
Maturity: | Dec. 16, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any stock price gain, up to a maximum return of 28.2%; full exposure to any losses
|
Initial price: | $47.34
|
Pricing date: | Nov. 26
|
Settlement date: | Dec. 2
|
Agent: | RBC Capital Markets, LLC with J.P. Morgan Securities LLC as placement agent
|
Fees: | 1%
|
Cusip: | 78010U6B8
|
|
© 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.