| 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 plans buffered bullish enhanced return notes tied to S&P 500
By Jennifer Chiou
New York, Aug. 8 - Royal Bank of Canada plans to price buffered bullish enhanced return notes due Aug. 30, 2018 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.125 to 1.2 times any gain in the index. Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% that the index declines from the initial level if it declines by more than 20%.
The notes (Cusip: 78010UAP2) are expected to price on Aug. 27 and settle on Aug. 30.
RBC Capital Markets, LLC is the 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.