Published on 2/27/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $27.1 million return optimization notes tied to Russell 2000
By Marisa Wong
Madison, Wis., Feb. 27 - Royal Bank of Canada priced $27.1 million of 0% return optimization securities due March 31, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 14.32%.
Investors will be fully exposed to losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
| Issuer: | Royal Bank of Canada
|
| Issue: | Return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $27,095,450
|
| Maturity: | March 31, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, return capped at 14.32%; full exposure to losses
|
| Initial level: | 895.84
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agents: | UBS Financial Services Inc. and RBC Capital Markets, LLC
|
| Fees: | 2%
|
| Cusip: | 78008D158
|
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