RBC amends initial level, buffer level for buffered bullish notes on Dow Jones-UBS Commodity

By Marisa Wong

Madison, Wis., Nov. 21 - Royal Bank of Canada updated the initial level and buffer level for its recently priced $4.83 million 0% buffered bullish enhanced return notes due Nov. 21, 2019 linked to the Dow Jones-UBS Commodity Index - Excess Return, according to an amended 424B2 filing with the Securities and Exchange Commission.

The initial level is 140.9461, instead of 140.95, and the 80% buffer level is 112.7569, instead of 112.76.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 54%. Investors will receive par if the index declines by 20% or less and will be exposed to any losses beyond the 20% buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	Dow Jones-UBS Commodity Index - Excess Return
Amount:	$4,834,000
Maturity:	Nov. 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 54%; par if index falls by up to 20%; exposure to losses beyond 20%
Initial level:	140.9461
Buffer level:	112.7569, 80% of initial level
Pricing date:	Nov. 16
Settlement date:	Nov. 21
Agent:	RBC Capital Markets, LLC
Fees:	3.5%, all for selling concessions
Cusip:	78008SRA6

© 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.