By Toni Weeks
San Diego, Aug. 12 - Royal Bank of Canada priced $9.7 million of 0% bullish enhanced return notes due Aug. 16, 2013 linked to the common stock of ArcelorMittal, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus five times any increase in the stock price, up to a maximum return of 72%.
Investors will be fully exposed to losses.
UBS financial Services Inc. and RBC Capital Markets, LLC are the agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish enhanced return notes
|
| Underlying stock: | ArcelorMittal (NYSE: MT)
|
| Amount: | $9.7 million
|
| Maturity: | Aug. 16, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus five times the stock return if the return is positive, capped at 72%; full exposure to losses
|
| Initial price: | $21.93
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 15
|
| Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
| Fees: | 2%
|
| Cusip: | 78010T878
|
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