New Issue: RBC prices $5 million return enhanced notes linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., April 17 - Royal Bank of Canada priced $5 million of 0% return enhanced notes due April 19, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus 1.86 times the index return. If the index return is less than zero, investors will be fully exposed to the decline.

RBC Capital Markets, LLC is the underwriter with J.P. Morgan Securities LLC as dealer.

Issuer:	Royal Bank of Canada
Issue:	Return enhanced notes
Underlying index:	Hang Seng China Enterprises
Amount:	$5 million
Maturity:	April 19, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, par plus 1.86 times index return; if index return is less than zero, full exposure to decline
Initial index level:	10,426.56
Final index level:	Average of index's closing levels on the five trading days ending April 16, 2018
Pricing date:	April 16
Settlement date:	April 19
Underwriter:	RBC Capital Markets, LLC
Dealer:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	78008SP34

© 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.