New Issue: RBC sells $6.24 million 0% buffered equity notes linked to MSCI EAFE via Goldman

By Susanna Moon

Chicago, Dec. 17 - Royal Bank of Canada priced $6.24 million of 0% buffered equity index-linked notes due June 22, 2012 based on the performance of the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman, Sachs & Co. is the underwriter.

The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,345 per $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.

Issuer:	Royal Bank of Canada
Issue:	Buffered equity notes
Underlying index:	MSCI EAFE index
Amount:	$6,238,000
Maturity:	June 22, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 34.5%; 1.1429% loss for each 1% drop beyond 12.5%
Initial index level:	1,637.75
Pricing date:	Dec. 15
Settlement date:	Dec. 22
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	78008B863

© 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.