Published on 8/31/2011 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.11 million growth securities linked to S&P 500 via Wells Fargo
By Toni Weeks
San Diego, Aug. 31 - Royal Bank of Canada priced $1.11 million of 0% growth securities with capped upside due Nov. 1, 2012 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 triple any index gain, subject to a maximum return of 15%. Investors will share in losses.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Enhanced growth securities with capped upside
|
| Underlying index: | S&P 500
|
| Amount: | $1,109,000
|
| Maturity: | Nov. 1, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 15%; exposure to losses
|
| Initial level: | 1,210.08
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.5%
|
| Cusip: | 78008TMX9
|
© 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.
