Published on 3/29/2012 in the Prospect News Structured Products Daily.
New Issue: RBC prices $591,000 buffered bullish booster notes on Russell 2000
By Jennifer Chiou
New York, March 29 - Royal Bank of Canada priced $591,000 of 0% buffered bullish booster notes due Oct. 2, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the greater of the index return and the 15% booster coupon, up to a maximum return of 29%.
Investors will receive par if the index falls by up to 15% and will be exposed to any decline beyond 10%.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered bullish booster notes
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Underlying index: | Russell 2000
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Amount: | $591,000
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Maturity: | Oct. 2, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus greater of index gain and 15%, capped at 29%; par if index falls by up to 15%; exposure to losses beyond 15%
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Initial index level: | 839.98
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Buffer level: | 713.98, 85% of initial level
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Pricing date: | March 27
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Settlement date: | March 30
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Agent: | RBC Capital Markets, LLC
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Fees: | 2.5%
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Cusip: | 78008T2F0
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