Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.36 million bullish enhanced return notes linked to S&P 500
By Susanna Moon
Chicago, June 30 – Royal Bank of Canada priced $1.36 million of 0% bullish enhanced return notes due Aug. 30, 2016 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 300% any index gain, up to a maximum return of 11%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
| Issuer: | Royal Bank of Canada
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| Issue: | Bullish enhanced return notes
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| Underlying index: | S&P 500
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| Amount: | $1,357,000
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| Maturity: | Aug. 30, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 11%; exposure to any losses
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| Initial level: | 2,101.49
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| Pricing date: | June 26
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| Settlement date: | June 30
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| Agent: | RBC Capital Markets, LLC
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| Fees: | 1.75%
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| Cusip: | 78012KES2
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