New Issue: RBC sells $1.23 million leveraged upside participation market-linked notes on S&P

By Wendy Van Sickle

Columbus, Ohio, April 5 – Royal Bank of Canada priced $1.23 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due April 4, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of the gain in the index, up to a 25% maximum gain.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will have exposure to the index decline beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying:	S&P 500 index
Amount:	$1,233,000
Maturity:	April 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of the index gain, up to a 25% maximum gain; if index falls by up to 10%, par; otherwise, exposure to the loss beyond 10%
Initial share price:	4,050.83
Buffer level:	3,645.747, 90% of initial level
Pricing date:	March 30
Settlement date:	April 4
Agent:	Wells Fargo Securities LLC
Fees:	2.575%
Cusip:	78016HTJ9

© 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.