New Issue: RBC prices $3.49 million buffered bullish return notes on S&P 500 index

By Jennifer Chiou

New York, Oct. 30 – Royal Bank of Canada priced $3,485,000 of 0% buffered bullish return notes due Oct. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 17.5% or less and will lose share in declines beyond 17.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish return notes
Underlying index:	S&P 500
Amount:	$3,485,000
Maturity:	Oct. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 17.5%; exposure to any losses beyond 17.5%
Initial index level:	1,985.05
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78010U3P0

© 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.