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RBC plans 18-month bullish enhanced notes linked to MSCI World index
By Toni Weeks
San Diego, Jan. 11 - Royal Bank of Canada plans to price 18-month 0% Bullish Enhanced Return Notes based on the performance of the MSCI World index, according to an FWP filing with the Securities and Exchange Commission.
The underwriter is RBC Capital Markets, LLC.
The payout on the maturity date of Aug. 3, 2012 will be par plus 200% of any gain up to a maximum redemption amount of $1,265 to $1,305 per $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will be fully exposed to any index decline.
The notes (Cusip 78008KXT5) are expected to price on Jan. 31 and settle on Feb. 3.
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