RBC plans two-year buffered bullish booster notes tied to Russell 2000

By Marisa Wong

Madison, Wis., Nov. 2 - Royal Bank of Canada plans to price 0% buffered bullish booster notes due Dec. 2, 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the greater of the index return and the 12% booster coupon, up to a maximum return of 30% to 35%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

The notes (Cusip: 78008TXJ8) will price on Nov. 23 and settle on Nov. 30.

RBC Capital Markets, LLC is the underwriter.

© 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.