New Issue: RBC sells $1.18 million leveraged buffered notes due 2020 on EM ETF

By Sarah Lizee

Olympia, Wash., Nov. 12 – Royal Bank of Canada priced $1.18 million of 0% leveraged buffered notes due Sept. 10, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any ETF gain, up to a maximum settlement amount of $1,312.60 for each $1,000 principal amount of notes.

Investors will receive par if the ETF falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$1.18 million
Maturity:	Sept. 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any ETF gain, subject to maximum settlement amount of $1,312.60 per $1,000 of notes; par if ETF falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
Initial level:	$41.63
Pricing date:	Nov. 7
Settlement date:	Nov. 15
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XR59

© 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.