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 to price buffered return notes due 2022 linked to S&P 500
New York, May 14 – Royal Bank of Canada plans to price 0% buffered return notes due June 3, 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 75% to 85% of any index gain. The exact leverage factor will be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond the 30% buffer.
RBC Capital Markets, LLC is the underwriter.
The notes are expected to price on May 29 and settle on May 31.
The Cusip number is 78013XKY3.
© 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.