New Issue: RBC sells $2.5 million bullish barrier enhanced return notes linked to Whole Foods

By Toni Weeks

San Luis Obispo, Calif., July 25 – Royal Bank of Canada priced $2.5 million of 0% bullish barrier enhanced return notes due July 27, 2018 linked to Whole Foods Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes above its initial share price, the payout at maturity will be par plus 161% of the stock return, subject to a maximum return of 60%.

Investors will receive par if the stock price falls by up to 30% and will be fully exposed to losses from the initial share price to the final share price if the stock price falls below the 70% barrier level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying stock:	Whole Foods Market, Inc. (Symbol: WFM)
Amount:	$2.5 million
Maturity:	July 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 161% of the stock return, capped at 60%; if share price falls by up to 30%, par; otherwise full exposure to decline in share price
Initial price:	$36.74
Barrier level:	$25.72, 70% of initial price
Pricing date:	July 23
Settlement date:	July 29
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78010UQ67

© 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.