By Susanna Moon
Chicago, July 28 – Royal Bank of Canada priced $19.43 million of Capped Leveraged Index Return Notes due July 29, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a weight of 45%, and the MSCI EAFE index and the MSCI Emerging Markets index, each with a weight of 27.5%.
The payout at maturity will be par of $10 plus double any basket gain, up to a maximum return of 15%.
Investors will receive par if the basket falls by up to 5% and will be exposed to any losses beyond 5%.
BofA Merrill Lynch is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying basket: | S&P 500 index (45% weight), MSCI EAFE index (27.5% weight) and the MSCI Emerging Markets index (27.5% weight)
|
| Amount: | $19,431,160
|
| Maturity: | July 29, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 15%; par if basket falls by up to 5% and exposure to any losses beyond 5%
|
| Threshold level: | 95% of initial level
|
| Pricing date: | July 24
|
| Settlement date: | July 31
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 78011X753
|
|
|
|
|
© 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.
