Published on 4/28/2011 in the Prospect News Structured Products Daily.
New issue: RBC prices $175,000 0% bullish enhanced return notes on Energy Select Sector SPDR fund
By Toni Weeks
San Diego, April 28 - Royal Bank of Canada priced $175,000 of 0% bullish enhanced return notes due Oct. 31, 2012 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum payment of $1,245.80 per $1,000 principal amount.
Investors will be fully exposed to losses.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish enhanced return notes
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $175,000
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain in the fund, capped at 24.58%; full exposure to losses
|
| Initial fund level: | $79.32
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 1.5%
|
| Cusip: | 78008K5L3
|
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