E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/17/2012 in the Prospect News Structured Products Daily.

New Issue: RBC prices $1.5 million more leveraged buffered notes tied to MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Aug. 17 - Royal Bank of Canada priced $1.5 million of additional 0% leveraged buffered equity index-linked notes due Feb. 11, 2014 linked to the MSCI EAFE index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The additional notes priced at 100.5. The original $2.28 million of notes priced at par. The total issue size is now $3.78 million.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount $1,226.50 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Issuer:Royal Bank of Canada
Issue:Leveraged buffered equity index-linked notes
Underlying index:MSCI EAFE index
Amount:$3,775,000, increased from $2,275,000
Maturity:Feb. 11, 2014
Coupon:0%
Price:Par for $2,275,000; 100.5 for $1.5 million
Payout at maturity:Par plus 150% of any index gain, subject to maximum return of 22.65%; par if index falls by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:1,466.27
Pricing dates:Aug. 6 for $2,275,000; Aug. 15 for $1.5 million
Settlement date:Aug. 20
Underwriter:Goldman Sachs & Co.
Fees:0.25%
Cusip:78008D869

© 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.