| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
RBC to price 0% return enhanced notes due 2018 linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., April 9 - Royal Bank of Canada plans to price 0% return enhanced notes due April 18, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.77 times any gain in the index. Investors will be fully exposed to any losses.
The final index level will be the average of the closing index level on the five trading days ending April 13, 2018.
The notes (Cusip: 78008SN77) are expected to price April 12 and settle April 17.
RBC Capital Markets, LLC will be the underwriter with J.P. Morgan Securities LLC as placement agent.
© 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.