Published on 4/9/2013 in the Prospect News Structured Products Daily.
New Issue: RBC prices $445,000 return enhanced notes due 2018 linked to S&P 500
By Susanna Moon
Chicago, April 9 - Royal Bank of Canada priced $445,000 of 0% return enhanced notes due April 11, 2018 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 1.705 times any gain in the index.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent, and J.P. Morgan Securities LLC is the dealer.
| Issuer: | Royal Bank of Canada
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $445,000
|
| Maturity: | April 11, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 170.5% of any index gain; exposure to any losses
|
| Initial level: | 1,553.28
|
| Pricing date: | April 5
|
| Settlement date: | April 10
|
| Agent: | RBC Capital Markets, LLC with J.P. Morgan Securities LLC as dealer
|
| Fees: | 3%
|
| Cusip: | 78008SJ80
|
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