By Susanna Moon
Chicago, Feb. 14 - Royal Bank of Canada priced $3.08 million of 0% bullish barrier enhanced return notes due Feb. 14, 2014 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 108.5% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any decline if index drops by more than 50%.
RBC Capital Markets Corp. is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish barrier enhanced return notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.08 million
|
| Maturity: | Feb. 14, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 108.5% of any index gain; full exposure to losses if index drops beyond 50%
|
| Initial index level: | 1,329.15
|
| Buffer level: | 664.58, 50% of initial level
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 16
|
| Underwriter: | RBC Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 78008KG64
|
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