By Jennifer Chiou
New York, Aug. 22 - Royal Bank of Canada priced $1.81 million of 0% bullish enhanced return notes due Aug. 23, 2013 linked to a basket of five exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 Trust with a 53% weight, the iShares MSCI EAFE index fund with a 23% weight, the SPDR S&P Midcap 400 ETF Trust with an 8% weight, the iShares Russell 2000 index fund with an 8% weight and the iShares MSCI Emerging Market fund with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return of 19%. If the basket return is negative, investors will be fully exposed to the decline.
RBC Capital Markets LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish enhanced return notes
|
| Underlying ETFs: | SPDR S&P 500 Trust (53% weight), iShares MSCI EAFE index fund (23% weight), SPDR S&P Midcap 400 ETF Trust (8% weight), iShares Russell 2000 index fund (8% weight) and the iShares MSCI Emerging Market fund (8% weight)
|
| Amount: | $1.81 million
|
| Maturity: | Aug. 23, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 200% of basket return, subject to maximum return of 19%; if basket return is negative, full exposure to decline
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 23
|
| Underwriter: | RBC Capital Markets LLC
|
| Fees: | 1%
|
| Cusip: | 78008SGK6
|
© 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.
