| 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 six-year buffered enhanced return notes tied to S&P 500
By Susanna Moon
Chicago, Dec. 16 – Royal Bank of Canada plans to price buffered enhanced return notes due Dec. 30, 2022 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 108% to 116% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses beyond 20%.
RBC Capital Markets, LLC is the underwriter.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 78012KWJ2.
© 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.