By Susanna Moon
Chicago, June 11 - Royal Bank of Canada priced $11.19 million of 0% leveraged buffered equity index-linked notes due Dec. 16, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman, Sachs & Co. is the underwriter.
The payout at maturity will par plus 1.5 times any gain, up to a maximum settlement amount $1,170.10 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% per 1% decline beyond 10%.
The initial index level was set higher than the actual index closing level at pricing, which was 1,314.99.
| Issuer: | Royal Bank of Canada
|
| Issue: | Leveraged buffered equity index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $11.19 million
|
| Maturity: | Dec. 16, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 17.01%; par if index falls by 10% or less; 1.1111% loss for every 1% drop beyond 10%
|
| Initial level: | 1,320.27
|
| Buffer level: | 1,188.243, 90% of initial level
|
| Pricing date: | June 7
|
| Settlement date: | June 14
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 78008D208
|
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