New Issue: RBC prices $1.4 million notes linked to Nikkei

By Jennifer Chiou

New York, March 30 - Royal Bank of Canada priced a $1.4 million issue of 0% senior notes due Sept. 28, 2007 linked to the Nikkei 225 index, according to a SUPPL filing with the Securities and Exchange Commission.

Payout at maturity will be three times the gain on the index, capped at 37.5%, measured on Sept. 25, 2007, the final valuation date. Investors will share in any losses.

Issuer:	Royal Bank of Canada
Issue:	Senior global medium-term notes
Underlying index:	Nikkei 225
Amount:	$1.4 million
Maturity:	Sept. 28, 2007
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus three times return on index, capped at gain of 37.5%; full participation in any loss if index return is negative
Initial index value:	16.690.24
Pricing date:	March 28
Settlement date:	March 30
Underwriter:	RBC Capital Markets Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.