Published on 2/2/2011 in the Prospect News Structured Products Daily.
New Issue: RBC sells $3.2 million bullish enhanced return notes on 20 energy stocks
By Susanna Moon
Chicago, Feb. 2 - Royal Bank of Canada priced $3.2 million of 0% bullish enhanced return notes due Feb. 6, 2013 based on the performance of a basket of 20 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Arch Coal, Inc., Peabody Energy Corp., Canadian Natural Resources Ltd., Chevron Corp., Concho Resources Inc., Dril-Quip, Inc., Frontier Oil Corp., Hess Corp., Petrohawk Energy Corp., Holly Corp., Marathon Oil Corp., Newfield Exploration Co., Occidental Petroleum Corp., Petroleo Brasileiro SA, PetroChina Co. Ltd., Pioneer Natural Resources Co., Plains Exploration & Production Co., Transocean Ltd., Suncor Energy, Inc. and Whiting Petroleum Corp.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 39.75%.
Investors will be exposed to any losses.
RBC Capital Markets Corp. is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Bullish enhanced return notes
|
| Underlying companies: | Arch Coal, Inc., Peabody Energy Corp., Canadian Natural Resources Ltd., Chevron Corp., Concho Resources Inc., Dril-Quip, Inc., Frontier Oil Corp., Hess Corp., Petrohawk Energy Corp., Holly Corp., Marathon Oil Corp., Newfield Exploration Co., Occidental Petroleum Corp., Petroleo Brasileiro SA, PetroChina Co. Ltd., Pioneer Natural Resources Co., Plains Exploration & Production Co., Transocean Ltd., Suncor Energy, Inc. and Whiting Petroleum Corp., equally weighted
|
| Amount: | $3.2 million
|
| Maturity: | Feb. 6, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 39.75%; exposure to losses
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 4
|
| Underwriter: | RBC Capital Markets Corp.
|
| Fees: | 2%
|
| Cusip: | 78008KH97
|
© 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.
