By Marisa Wong
Madison, Wis., Aug. 16 - Royal Bank of Canada priced $628,000 of 0% allocation optimizer notes due Aug. 15, 2014 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the S&P 500 index, the S&P Midcap 400 index and the Russell 2000 index.
On the Aug. 12, 2014 valuation date, the best-performing index will be given a basket weight of 60%, the second best-performing index will be given a weight of 30% and the worst-performing index will be given a weight of 10%.
The payout at maturity will be par plus the basket return, which can be positive or negative. Investors will be fully exposed to losses.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Allocation optimizer notes
|
| Underlying indexes: | S&P 500, S&P Midcap 400 and Russell 2000 (weighting based on performance)
|
| Amount: | $628,000
|
| Maturity: | Aug. 15, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the basket return, with full exposure to losses
|
| Initial levels: | 1,178.81 for S&P 500; 843.08 for S&P MidCap; 697.50 for Russell
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 0.25%
|
| Cusip: | 78008TLR3
|
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