Published on 11/21/2012 in the Prospect News Structured Products Daily.
New Issue: RBC prices $7.6 million enhanced return notes linked to S&P 500
By Marisa Wong
Madison, Wis., Nov. 21 - Royal Bank of Canada priced $7.6 million of 0% enhanced return notes due May 22, 2014 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 178% of any gain in the index, up to a maximum return of 21.36%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
|
| Issue: | Enhanced return notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,595,000
|
| Maturity: | May 22, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 178% of any index gain, capped at 21.36%; full exposure to any losses
|
| Initial level: | 1,386.89
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 27
|
| Agent: | RBC Capital Markets, LLC
|
| Fees: | 2%
|
| Cusip: | 78008SQY5
|
© 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.
