Published on 1/27/2015 in the Prospect News Structured Products Daily.
New Issue: RBC prices $4.05 million bullish enhanced notes on Energy Select SPDR
By Susanna Moon
Chicago, Jan. 27 – Royal Bank of Canada priced $4.05 million of 0% bullish enhanced return notes due Jan. 26, 2017 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 200% of any fund gain, up to a maximum return of 35%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Bullish enhanced return notes
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| Underlying fund: | Energy Select Sector SPDR
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| Amount: | $4,049,000
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| Maturity: | Jan. 26, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 35%; exposure to any losses
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| Initial level: | $76.66
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 28
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 2%
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| Cusip: | 78012KAW7
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