By Susanna Moon
Chicago, July 14 - Royal Bank of Canada priced $2 million of 0% commodity-linked notes due July 16, 2015 based on the performance of the S&P GSCI Light Energy Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, up to a maximum return of 31.5%.
Investors will be exposed to any losses.
RBC Capital Markets Corp. is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Commodity-linked notes
|
| Underlying index: | S&P GSCI Light Energy Total Return
|
| Amount: | $2 million
|
| Maturity: | July 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 31.5%; exposure to any losses
|
| Initial level: | 2,824.462
|
| Pricing date: | July 12
|
| Settlement date: | July 15
|
| Underwriter: | RBC Capital Markets Corp.
|
| Fees: | 0.5%
|
| Cusip: | 78008KDT7
|
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