RBC to price bullish barrier enhanced return notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 29 – Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Aug. 30, 2019 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, subject to a maximum redemption amount of 142.75% to 152.75%, which will be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to the index’s decline from its initial level if it falls beyond 30%.

RBC Capital Markets, LLC is the agent.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 78012KLA3.

© 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.