RBC to price bullish enhanced return notes linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., April 9 – Royal Bank of Canada plans to price 0% bullish enhanced return notes due April 2017 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 3 times any index gain, subject to a maximum return of 23.5% to 26% that will be set at pricing.

Investors will be fully exposed to losses if the index declines.

RBC Capital Markets, LLC is the agent.

The notes (Cusip: 78012KDU8) are expected to price and settle in April.

© 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.