By Susanna Moon
Chicago, March 11 – Royal Bank of Canada priced $3.5 million of 0% buffered bullish return notes due April 20, 2018 linked to a basket of four equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are BHP Billiton Ltd., Freeport-McMoRan Copper & Gold Inc., Southern Copper Corp. and Teck Resources Ltd.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Buffered bullish return notes
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| Underlying stocks: | BHP Billiton Ltd., Freeport-McMoRan Copper & Gold Inc., Southern Copper Corp. and Teck Resources Ltd., equally weighted
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| Amount: | $3.5 million
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| Maturity: | April 20, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain; par if basket falls by up to 20%; 1.25% loss per 1% drop beyond 20%
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| Barrier level: | 80% of initial level
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| Pricing date: | March 6
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| Settlement date: | March 20
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| Agent: | RBC Capital Markets, LLC
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| Fees: | None
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| Cusip: | 78010UH83
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