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 10/6/2014 in the Prospect News Structured Products Daily.

New Issue: RBC prices $3.38 million leveraged buffered notes linked to MSCI EAFE

By Susanna Moon

Chicago, Oct. 6 – Royal Bank of Canada priced $3.38 million of 0% leveraged buffered notes due Feb. 23, 2016 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any index gain, up to a maximum settlement amount of $1,148.20 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:Royal Bank of Canada
Issue:Leveraged buffered notes
Underlying index:MSCI EAFE
Amount:$3,383,000
Maturity:Feb. 23, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus 130% of any index gain, capped at 14.82%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial level:1,799.52
Pricing date:Oct. 2
Settlement date:Oct. 9
Agent:RBC Capital Markets, LLC
Fees:None
Cusip:78010U3S4

© 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.