By Jennifer Chiou
New York, March 21 - Royal Bank of Canada priced $4,441,000 of 0% leveraged equity index-linked notes due July 3, 2013 tied to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to the maximum settlement amount of $1,200 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
The initial index level of 869.09 is higher than the actual closing level of the index on the trade date, which was 868.35.
RBC Capital Markets, LLC is agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged equity index-linked notes
|
| Underlying index: | Topix
|
| Amount: | $4,441,000
|
| Maturity: | July 3, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 20%; exposure to losses
|
| Initial index level: | 869.09
|
| Pricing date: | March 19
|
| Settlement date: | March 26
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 0.25%
|
| Cusip: | 78008C887
|
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