Published on 9/14/2012 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.64 million buffered bullish notes on iShares MSCI EAFE
By Susanna Moon
Chicago, Sept. 14 - Royal Bank of Canada priced $1.64 million of 0% buffered bullish enhanced return notes due March 17, 2014 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the fund, up to a maximum return of 16.2%.
Investors will receive par if the shares fall by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
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Issue: | Buffered bullish enhanced return notes
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Underlying fund: | iShares MSCI EAFE index fund
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Amount: | $1,643,000
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Maturity: | March 17, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 16.2%; par if index falls by up to 15%; exposure to losses beyond 15%
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Initial level: | $53.79
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Buffer level: | $45.72, 85% of initial level
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Pricing date: | Sept. 12
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Settlement date: | Sept. 17
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Agent: | RBC Capital Markets, LLC
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Fees: | 0.25%
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Cusip: | 78008SHL3
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