New Issue: RBC sells $1.15 million buffered enhanced return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 12 – Royal Bank of Canada priced $1.15 million of 0% buffered enhanced return notes due Dec. 2, 2020 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 104% of any gain in the index.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	S&P 500
Amount:	$1.15 million
Maturity:	Dec. 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 104% of any index gain; par if index falls by 10% or less; 1% loss per 1% decline beyond 10%
Initial level:	2,415.82
Buffer level:	2,1724.24, 90% of initial level
Pricing date:	May 26
Settlement date:	May 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78012KS99

© 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.